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Richard Stallman's Political Notes

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*"No one should have more than [$10 million]": the author of

jeudi 25 janvier 2024 à 21:19

Limitarianism on why the super-rich need to level down radically.*

An absolute limit on any person's wealth is roughly equivalent to a 100% marginal tax rate on income beyond a certain point. A 93% tax rate would give similar results, and we know it is feasible and works. So I think we should try that instead.

To fully implement that 93% marginal tax rate entails eliminating the deductions and manipulations currently used by the rich to shelter much of their wealth and income from it.