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A comment on For the first time on record, the 400 wealthiest Americans paid a lower tax rate. Parent comment

Re:For the first time on record, the 400 wealthiest American... by elldoubleyew on Monday October 07, 2019 @11:51AM (#21182311)
So what's the problem with taxing them for egregiously more but ineffectively? What if we kept the current effectiveness but imposed, say, a 120% rate on the ultra-wealthy? Maybe they would end up needing to pay 40% of this but at least it would be a lot better than we are doing now.
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Re:For the first time on record, the 400 wealthiest American... by whatshisface on Monday October 07, 2019 @11:57AM (#21182378)
Let's say you started out with a 3% effective tax and a 30% ineffective tax. Would adding that 120% be effective or ineffective? If effective it would break their backs, and if ineffective it would kill whatever small businesses couldn't employ the dodge.
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