Re:All 500 of the world's top 500 supercomputers are running...
by yequalsx on Wednesday November 15, 2017 @09:08PM
(#15709792)
It doesn't get ugly fast. The tax rate for the wealthy used to be 90%. There was a time in the country where it was recognized that robber barons were not in our collective interest. This is not an unsolvable problem.
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Re:All 500 of the world's top 500 supercomputers are running...
by njarboe on Thursday November 16, 2017 @12:04PM
(#15714326)
90% tax on income not wealth. Our current system already punishes income earning over wealth growth and much gaming goes on by the rich to keep wealth growing while keeping taxable income low.
Re:All 500 of the world's top 500 supercomputers are running...
by yequalsx on Thursday November 16, 2017 @01:18PM
(#15715057)
Generally when talking about tax rates in this context it's about the income tax. There is no wealth tax in the U.S. I don't think there ever has been one either. Reagan believed the tax on labor should be less than the tax on capital. I agree with him on this but the current Republican party has deviated quite far from where even Reagan stood.