03-14-2022, 11:49 AM
(03-14-2022, 08:34 AM)JasonBlack Wrote:Quote:Raise taxes on the wealthy; not to confiscatory levels, but at least to Clinton era levels, and even higher on those making the most money.
This part is very, very important. No society needs to return to the 91% top tax bracket that we peaked at during the high. Imo, the problem is less the tax rates and more the tax loopholes.
The high rates weren't there to raise money. They were there to discourage greed. In the 1950s, the ratio of the company President to his workers was roughly 30. Now, the CEO gets 300-400 times their pay. A little effective disincentive is well in order, and soon. If things proceed apace, we'll soon need to begin taxing wealth, not just income. In fact, we may be there already.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.