Quote:
Originally Posted by Goofle
The guy getting 40% of his earnings taken away from him.
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I think you don't understand how the tax system works - you pay a flat fee and then pay 40% on any earnings over the lower bound of the bracket.
Clearly you have not been out in the world long enough to appreciate the difference between living on 30k vs. 1.5 mil. The person leaving with 1.5 mil will have no problem paying their bills. They would have no problem if they only left the table with 1mil. The $5000 taken from the lower earner may result in them not paying rent and being evicted from their apartment. Hoarding wealth is reprehensible. The whole reason the 1% are not taxed more is because of the foolish idea that they will stimulate the economy and the wealth will trickle down. We've tried that for 30 years and it's clear that philosophy has failed. The solution is to make their contribution to the economy a lawful requirement.