Quote:
Originally Posted by Sliver
I know communism doesn't work and I know why, but the philosophy behind it certainly isn't evil.
I like capitalism, but I'm very supportive of punitive tax brackets to prevent extreme wealth and extreme wealth hoarding. Play with these numbers however you want, but let's call over $1 million/year in a 50% tax bracket and over $2 million a year in a 70% tax bracket, and anything over $5 million a year in a 90% tax bracket or something. You'd still have incentive to get rich, but after a certain point there's just no point in making more and you start sharing that wealth.
Or throw in a death tax for estates worth over $100 million or something. That allows you to get and enjoy extreme wealth, pass down extreme wealth, but once you die everything over $100 million is taxed at 90% and goes into the public purse. That's a far cry from putting everyone in a tenement and making them buy a Lada.
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So you tax it, and turn those resources in to the government because they know how to best distribute it? But why 100 million? Why not 10 million, or 1 million like Hemi said? Sounds like we are saying poverty be damned - my level of attainable wealth is just fine - but other higher levels are unfair and should be obviously shared.
Anyway, I really don't care enough about this to do a deeper dive on this subject.
(Did I do that even close to right?)