Re:Sweden Has a 70 Percent Tax Rate and It Is Fine
by flapjackfritz on Saturday January 05, 2019 @10:05PM
(#18836284)
The moral implications are important. That's why it's a marginal rate being proposed in the USA, only on income over 10 million.
Taxing higher rates on much higher income amount is morally better than taxing that same rate on a lower income.
This is because of the impact it has on the earners well being. Income after 10 million has a much lower impact on that persons well being than say, their first 1 million.
This is how democracy works. But if collectively a people democratically decide to do something that doesn't make it morally correct.
You do have to follow the law, but what I'm saying is that we need to consider the moral implications of the law being suggested.