5 Reasons the Top Tax Rate Should Be 80 Percent

[ProfessorGAC]

10. I Think We Tend To Forget Dividends

You and others mentioned CG tax rates, but the lowest tax rates of all are on dividends which means people don't have to actively trade to pull in major income and then pay the lowest rate of all.

That said, since many retirees depend upon that as a living income source, that would have to be more progressive as well. Maybe still 20% to $300k, but then then 25 and then 30 on super high dividend earners. Maybe up to one million and over a million.

That, plus some modest capital gains increases make large investors think about whether their money is more productive just sitting around or actively involved in transactions/trades or extensions of venture capital.