this post was submitted on 06 Aug 2023
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I agree that concentrated wealth isn't an efficient distribution.
So what can we do, 100% taxes over a million?
What's the incentive then to work harder if you earn over a million?
Billionaires paying the same tax rate as high paying professionals is just fine. And no tax evasion using non-profit facades.
If you're are literally working so hard that you're 100 times more productive than someone earning minimum wage, take a vacation. If you don't want to, it's clear that money isn't what motivates you the most when you choose to continue working.
Of course, you must be really ignorant to believe that people earn 100 times more than someone earning minimum wage because they're 100 times more productive. Your capacity to produce is not the same as your capacity to earn money.
But that's the point, you're spray taking 100 types the risk when starting a business.
That's what's greenbelt not taken into account.
The start up costs, the risk involved, the investment capital.
The owners of the business hold all this risk so they should receive the reward as well.
50% of business don't survive the first five years.