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The Wealth Detective Who Finds the Hidden Money of the Super Rich
- Thread starter dealmaker
- Start date
Of course you can talk about it but I would not take your talk seriously as from a complete outsider.Ah, typical constipation of free wheeling capitalists. First get there then you have a right to talk about it. No, I talk about it anyway, you don't need to respond to my post if you can't come up with any sensible thoughts.
90% would disincentivize people to work given they earn pretax sub 5mil or so. 50% would not. Nobody stops working because they pay 50% taxes (in quite a number industrialized, highly developed, democratic countries 50% is a daily reality for many). Where is the hurdle rate? I guess it's gonna be in the upper 50s. But I don't know. I am talking about ordinary income between 500k to 5 mil per year or so. 70-80% above 50 or 100 mil. 90% above 100mil. The idea is to prevent someone from earning zero income the entire life (only equity) and profiting from what everyone else pays into the "social pot" and then cashing out in one large chunk and fucking off. I can name another dozen reasons why it is harmful to society at large to let individuals earn 100mil without paying almost a penny in taxes but let's start with this one.
As for your second point, so what? Just stop working. It's completely legal in capitalist society and you won't be put in jail or send to labor camp for that.
What? What is your point here? No MacD worker comes even remotely close to the tax brackets we are talking about. If at all they deserve support in raising minimum wages to 15 bucks if not 18 bucks an hour. Fuxxing disgrace how people of lesser means are treated.
Isn't why the (McDonald's) workers go on strike? To work less and get paid more. What would you say to them?
Should you not then completely shut up about it by your logic?
Stop working? That was never the point. Yes people can choose whatever they want.are you drunk?
Stop working? That was never the point. Yes people can choose whatever they want.are you drunk?
Of course you can talk about it but I would not take your talk seriously as a complete outsider.
As for your second point, so what? Just stop working. It's completely legal in capitalist society you won't be put in jail or send to labor camp for that.
How should they be treated and who is going to make the decision other than the market? Who is there smarter than the market? Communists?What? What is your point here? No MacD worker comes even remotely close to the tax brackets we are talking about. If at all they deserve support in raising minimum wages to 15 bucks if not 18 bucks an hour. Fuxxing disgrace how people of lesser means are treated.
Economists, researchers, politicians and teor advisors. Goodness. Can you at least try to make one single coherent point? It's really not that hard.
How should they be treated and who is going to make the decision other than the market? Who is there smarter than the market? Communists?
But you would not want to work with 90% tax, b/c you would think it's a robbery.Should you not then completely shut up about it by your logic?
Stop working? That was never the point. Yes people can choose whatever they want.are you drunk?
Researchers say money does not buy happiness and money does not grow on trees.Economists, researchers, politicians and teor advisors. Goodness. Can you at least try to make one single coherent point? It's really not that hard.
I would not think it's robbery but certainly not work at 90% tax rates. Finally you got the point. It's a disincentive tax for the right brackets. That was hard labor.
But you would not want to work with 90% tax, b/c you would think it's a robbery.
That's why the taxes should go down over time. Taxes are legalized robbery for some people which harm the incentive to work.I would not think it's robbery but certainly not work at 90% tax rates. Finally you got the point. It's a disincentive tax for the right brackets. That was hard labor.