The moment enough of us decide this has to change, it will.
Relink productivity and wages! 90% tax rate on all the cash you earn in a year after the first $10M Close corporate tax loopholes
We can solve this, we just need to decide.
Maybe a general strike is out and we should just start a quiet friday strike, and just start extending that back through the week. Productivity just keeps falling until the wealthy decide they don’t want to suffer with the rest of us and take the fucking haircut.
After the first $1MM. Ten million dollars in a single year would set me, and likely just about anyone else, up comfortably for life twice over.
But 90% tax means that $10MM becomes $1MM.
You appear to have missed the word “after.”
Why does anyone need more than $10 million?
Not in our current tax bracket world.
Progressive tax brackets. This hypothetical tax is only on money earned over 10M/1M.
