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In reply to the discussion: Poll on Wealth 2 [View all]

hunter

(40,356 posts)
5. The oligarchs ought to be taxed out of existence.
Fri Feb 20, 2015, 12:34 AM
Feb 2015

They might not be any happier for it, but the rest of us would.

The spread between the wealthiest among us and the poorest among us should be a multiple probably not greater than twenty.

That is, the lowest income person pays no income taxes, and the highest income person pays 100% on anything over twenty times the minimum annual income.

If the minimum annual income is $10,000, then the highest possible annual income would be $200,000.

That gives highest income people a great incentive to support higher minimum incomes.

There's no realistic prospect of anything like this being implemented in the U.S.A., at least not until the current rotten system collapse under it's own weight or as a consequence of some major catastrophe.



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