• nogooduser@lemmy.world
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    1 year ago

    Because that’s not how it works. It would be great if that was how it worked for all billionaires but it isn’t.

    Taxing 66% of the winnings of someone who was previously not wealthy is unreasonable if you don’t also tax other rich people at the same rate.

    • 4ce
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      1 year ago

      Yeah, obviously that should go for everyone. I realize it’s currently not very realistic in most countries, but I maintain that it would be reasonable. It’s also not without precedent, even the extremely capitalist US had top income taxes of above 90% from the mid-40s to the early 60s.

      Source: https://en.wikipedia.org/wiki/File:Historical_Income_Tax_Rates_and_brackets.png