Electile Dysfunction (Current students plz look!)

[WRXtranceformed]

I always love it when people who have little to no chances of ever making millions of dollars per year argue that rich people can't afford to be taxed on their earnings over $10 million.

You could also change the end of that sentence after "year" to "feel like they should let the government effectively confiscate the fruits of other peoples' labor".

90%, 70%, both numbers are an absurdly high tax to put on any individual and as it was said earlier in the thread that the ultra rich will find ways to skirt laws like that with loopholes.  And who do you think are the ones funding most politicians' campaigns?  These people aren't going to donate to someone so that they can lose their fortune. There are a only a very few ultra rich people who have come out and said that they would be fine with being levied that kind of tax burden (and it's been the .1% of the 1% who couldn't spend their fortunes in multiple lifetimes)

Significant, incremental tax revenue for the fed is not going to come from a handful of uber wealthy people anyway, it's going to come from properly applying tax to corporations and fair, equitable tax across the populace.