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by nerdponx 3095 days ago
Not just given "to the government", but spent on public works, social safet nets, and other forms of productive redistribution.

And yes, I think 10% off of $50 million is plenty fair. Yes, you earned that money, and I bet you would use it productively instead of blowing it on a yacht. But there are homeless people freezing to death on the streets of New York today. Don't you think you can spare a little?

Fundamentally, like I said, I agree that the top 1% by wealth is different than the top 1% by income. Perhaps we should tax income using tax brackets that scale with net worth.