In 1960, the top marginal tax rate was 91%, applying to income over $200,000 for single filers — equivalent to roughly $1.5 million in today’s dollars.
I would like want to add to that that I want wealth caps. I don’t care how lucky you are, nobody should own or control a lot of wealth, there isn’t a single example of that not being drenched in abuse
After 10 million, any and all extra income over that should go 100% to taxes
It will honestly divide income, it will take away crazy amounts of power from the psychopaths, it will give governments the income to sustain free education, free healthcare, universal basic income even.
Give me 10 million dollar wealth caps world wide and it will solve the majority of world problems were facing now.
Agreed
I would like want to add to that that I want wealth caps. I don’t care how lucky you are, nobody should own or control a lot of wealth, there isn’t a single example of that not being drenched in abuse
After 10 million, any and all extra income over that should go 100% to taxes
It will honestly divide income, it will take away crazy amounts of power from the psychopaths, it will give governments the income to sustain free education, free healthcare, universal basic income even.
Give me 10 million dollar wealth caps world wide and it will solve the majority of world problems were facing now.