Re:Never mind the 1 percent Let's talk about the 0.01 percen...
by sharpneli on Saturday November 30, 2019 @11:45AM
(#21670742)
It will just slow it a bit. A non progressive capital gains tax even at 99.999% will still lead to power law distribution. And I don’t think anyone would say a tax that high is exactly done at behest of the rich. (EDIT: compound interest literally is self multiplying investment)
One has to rather specifically design a progressive taxation system to avoid a power law.
Read the paper. The conditions for power law are very simple.
I live in Finland. A place one hardly can say is friendly to the rich. Yet we too have a power law, just with different constants than what US has.
One has to rather specifically design a progressive taxation system to avoid a power law.
Read the paper. The conditions for power law are very simple.
I live in Finland. A place one hardly can say is friendly to the rich. Yet we too have a power law, just with different constants than what US has.