Re:Taxation of Carried Interest
by merinowool on Sunday June 10, 2018 @04:28PM
(#17279999)
In the free society those people would have been paid as much as society thinks they deserve. In socialist society specialists must be paid much more than they deserve to offset progressive taxation and that is at the cost for less skilled workers. This increases inequality as people are not capable of getting wealthy.
If marginal tax rates exceeded 100% you might have a point. Not to mention the implicit bizarre self-righteous assertion that income correlates directly with "caring for society". Tell that to fire fighters, EMTs, teachers, and disaster aid workers.
But I guess "marginally, the more you convince others to part from their money, the less you directly benefit from it" doesn't quite get the objectivists as agitated.