03-22-2019, 09:34 PM
As other have said:
Could? Yes, for a while.
Should? No. I understand that for the ultra wealthy, a 70% income tax wouldn't mean a 70% tax rate on all earning. I'd have to know what the capital gains tax rate is. I'm not in favor of more than 50% of someone's earnings being taxed. It just seems wrong.
I'm also not in favor of a flat tax. The poor need 25% of their income more than the wealthy does. Flat sales taxes also affect the poor a lot more.
Could? Yes, for a while.
Should? No. I understand that for the ultra wealthy, a 70% income tax wouldn't mean a 70% tax rate on all earning. I'd have to know what the capital gains tax rate is. I'm not in favor of more than 50% of someone's earnings being taxed. It just seems wrong.
I'm also not in favor of a flat tax. The poor need 25% of their income more than the wealthy does. Flat sales taxes also affect the poor a lot more.
![[Image: ulVdgX6.jpg]](http://i.imgur.com/ulVdgX6.jpg)
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)