News for hackers. Stuff that matters.

A comment on A majority of Americans support raising the top tax rate to 70 percent. Parent comment

Re:A majority of Americans support raising the top tax rate ... by dudul on Wednesday January 16, 2019 @04:07PM (#18925266)
When somebody makes $20M/year, do they really do it for the money at this point? Is it really what keeps them going? If so, I would argue that these people are mentally ill.

Do we have any study or proof demonstrating that if we applied a 100% tax rate above $20M/year people would just stop working?

And I don't see that as a punishment. The money not spend on crazy CEO incomes can be used to pay other workers better, or invest in innovation since that's what you brought up.

[ Parent | on HN ]
Re:A majority of Americans support raising the top tax rate ... by RhysU on Wednesday January 16, 2019 @09:35PM (#18927804)
> Do we have any study or proof demonstrating that if we applied a 100% tax rate above $20M/year people would just stop working?

I would likely stop working. Pay me $20M + $1 and let's check...

[ Parent | on HN ]