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this post was submitted on 28 Jul 2026
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This is my vote. I don't know why the tax rate stops at 50%. Making your second million is easier than your first million, you should take home less of it. IMHO it should approach 100% as you make more and more. And the more money that you have the less valuable it is to you so we can put it to better uses for the society.
Because the majority of wealth in the wealthy, is not derived by income, but by equity.
We need tax reform, not fiddling with the rates, so schemes like buy, borrow, die don't allow them to bypass taxes altogether.