Again if you want more income for those at the bottom you want efficient tax methods and 100% is not an efficient tax method since people will do EVERYTHING they can to avoid it. If people can accept a tax rate, they will pay it. Well a lot more people will pay it.
Yes, it goes through the government and is technically a tax, my point is that it’s not funding the government.
The point isn’t to be an effective way to redistribute money, the point is to ensure the winners earned it as much as possible. When someone “succeeds” entirely because of their parents’ wealth, we run into the same issues as we had under kings where those at the top feel like they “deserve” to be there without actually earning it. If rich people decide to donate it all to causes they support instead of having it be redistributed, that’s totally fine, because the point isn’t to help the poor, it’s to prevent generational wealth from determining winners and losers.
It’s not an issue to actually tax the rich, but the first x schould be tax free and after that a bracket should be low tax until y and then you can charge z percentage above that, but it cannot be 100% tax.
I’m saying it shouldn’t, it should instead be distributed to the people. It should be used for something like UBI.
Which goes through the government.
Again if you want more income for those at the bottom you want efficient tax methods and 100% is not an efficient tax method since people will do EVERYTHING they can to avoid it. If people can accept a tax rate, they will pay it. Well a lot more people will pay it.
Yes, it goes through the government and is technically a tax, my point is that it’s not funding the government.
The point isn’t to be an effective way to redistribute money, the point is to ensure the winners earned it as much as possible. When someone “succeeds” entirely because of their parents’ wealth, we run into the same issues as we had under kings where those at the top feel like they “deserve” to be there without actually earning it. If rich people decide to donate it all to causes they support instead of having it be redistributed, that’s totally fine, because the point isn’t to help the poor, it’s to prevent generational wealth from determining winners and losers.
Like I said, 100% tax is just stealing.
It’s not an issue to actually tax the rich, but the first x schould be tax free and after that a bracket should be low tax until y and then you can charge z percentage above that, but it cannot be 100% tax.