Re:VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
by tonyedgecombe on Saturday September 12, 2020 @12:31PM
(#24453605)
I wouldn't assume jealousy as a motive for this. Plenty of high earners call for less income inequality.
Re:VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
by jjeaff on Saturday September 12, 2020 @12:38PM
(#24453638)
Progressive taxes do not disincentivize success.
They also don't tax high earners more. They tax the high end of high salaries more.
In other words, I pay the same amount of taxes on the first $50k of earned income as a ceo pays. We both pay the same rate on the next $50k, and so on. Then, he may pay a higher rate for that last $3m he earns. Seems completely fair to me.
In reality, he has a lot more resources and power to tax plan his income, so he will likely pay a lower effective tax rate than me anyway. So taxing the higher incomes, if anything, is needed to keep things fair.
But regardless, assuming those higher income brackets aren't taxed at an extremely high rate, no one is declining higher salaries or choosing to earn less because it will be taxed more.
Taxes are necessary to fund shared infrastructure and services. They're not supposed to overtly punish success or prevent people from earning a high salary.
There's an argument that high earners can (and possibly should) pay a higher share of taxes because they have the most ability to do so, but you seem to be just advocating taxing away people's earnings out of a jealous desire to not see anyone have more than you.