High tax %

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>>132562282
i think we should impose a 90% income tax on poor and then decrease that percentage incrementally for higher income salary individuals. this incentivizes people to be successful and would fix virtually all of the issues facing lower class people of today

>>132562709
If everyone is trying to be "successful" who's going to work the low wage jobs that are essential for our country?

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>>132562282
>Maintain society
>Currently heading towards a collapse
MFW

>>132563096
The current income tax for the highest earners is around 40% (correct me if I'm wrong). Compare that to 91% in 1960 and then compare the state of the country from back then to now.

Rich people in almost every country have it so fucking easy compared to everyone else.

>>132563597
not to mention loop holes and off shore accounts

>>132562282

Not the worst idea, though I think income tax is the wrong way to do it. Plenty of people making 200k-500k are in their 50s, close to retirement after a long career. Punishing them via poorly targeted taxation will just make things worse.

Wealth is the real problem. The super rich do not make their money via a high income, they do it via cut-offs and financial structures that shield them from taxation.

I'm not really sure what financial instrument should be used to go after that wealth, rather than attacking upper middle class people who have worked hard.

Remember that people in the "top 1%" of income earners are usually not there long - a few years at most.