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View Diary: No country for Zuckerbergs (193 comments)

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  •  I know it could have unintended consequences... (1+ / 0-)
    Recommended by:
    Trotskyrepublican

    ...but I wouldn't necessarily have a problem with 100% tax rate on personal incomes over a certain point--a billion dollars, two billion.

    I don't think there's any one out there who is going to say "If all I can make this year is a billion dollars, then I'm not going to bother." Yes, it might keep them from being quite as aggressive, they might not grow the economy quite as quickly, but there are a lot of negatives to letting wealth accumulate too extensively to a single individual, too.

    It might well drive a bunch of charitable giving, too, since such people would probably rather see their money going to causes they cared about than just into the public coffers.

    Not necessarily proposing this, just that I don't conceptually think it's unworkable.

    •  The concept of a billionaire's tax rate... (0+ / 0-)

      ...is an intriguing one.

      And one thing that I absolutely do believe is that we need additional tax brackets for higher incomes versus what we currently have.  With the level of inequality that we have today, lumping people who make $500,000/year into the same marginal tax bracket as folks bringing in $500 million or even a billion in a year is just crazy.

      Political Compass: -6.75, -3.08

      by TexasTom on Sun Oct 03, 2010 at 05:57:33 PM PDT

      [ Parent ]

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