07-26-2017, 07:12 PM
(07-26-2017, 06:36 PM)TheLeonardLeap Wrote: What'd be the point of working hard or innovating, and making over $1m then? You'd be working for free 3/4ths of the time. More once you figure in state taxes, and the costs of actually going to work (car, insurance, gas, etc.)
"Work 10 hours, get paid for 1" sounds like a terrible idea.
All the country's rich people would just move away to other countries, taking their companies with them. Then we'd be stuck with only poor people, and even less money for education and job training for them, and less jobs on top of that.
It worked for 40 years when our financial system was regulated by the New Deal. Maybe we should be reimplementing some of that and renegotiating our "free" trade deals that allow our corporate overlords to hang the "we'll just move over seas" threat over our heads.
We could also revoke their citizenship and they'd have to pay for a private army to protect their business from being nationalized by whatever 3rd world dictator's country they moved to. No more US military standing behind these corporations protecting them from foreign threats. So there goes all their tax savings.
