floofloof@lemmy.ca to News@lemmy.worldEnglish · 8 months agoWorld’s five richest men double their money as poorest get poorerwww.theguardian.comexternal-linkmessage-square15fedilinkarrow-up14arrow-down10cross-posted to: [email protected][email protected]
arrow-up14arrow-down1external-linkWorld’s five richest men double their money as poorest get poorerwww.theguardian.comfloofloof@lemmy.ca to News@lemmy.worldEnglish · 8 months agomessage-square15fedilinkcross-posted to: [email protected][email protected]
minus-squareprole@sh.itjust.workslinkfedilinkEnglisharrow-up1·edit-28 months agoAlso, the “taxed at 90%” is a red herring too, since that’s not how progressive tax brackets work. Nobody’s effective tax rate would be close to 90%, even if we raised the top marginal rate to nearly 100%.
Also, the “taxed at 90%” is a red herring too, since that’s not how progressive tax brackets work. Nobody’s effective tax rate would be close to 90%, even if we raised the top marginal rate to nearly 100%.