Quote:
Originally Posted by mce
Would you support something like the schedule below? I'm kind of on the fence since I'm thinking along the lines of giving people enough incentive to innovate, build, and produce...
Basically, 90% tax for people making over $10M a year which leaves them with a cool $1M
Then 80% tax for those making over $1M, $200K a year is more than enough to live on per year, right?
Then 40% tax for those making over $100K per year, 60K per month is fair, no?
No tax for anyone making less than 100K
Of course, the schedule above must be indexed to inflation
Would this tax schedule be BERNIE-approved?
Like what a man way before his time once said: From each according to his abilities, to each according to his needs
Do you agree?
As for me... I'm not so sure.
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I live in a country where the socialism (communism) ruled the country for 45 years and was brought by soviet tanks. Guess what: that system went to bankruptcy, since nobody was motivated to produce anymore. And not to forget about political prisoners, murder of regime opponents, poverty, the markets were empty. My country looked like today Venezuela.
So, stfu with your wise man ahead of his times. His view brought death to more than 100 mil people.