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Re:Reed Hastings: Please Raise My Taxes by gravitycop on Friday February 06, 2009 @04:43PM (#470425)
the pay cap is only for companies that take government money.

Yes, it is. Reed Hastings' proposal is, however, not just for companies that take government money.

Perhaps a starting place for "tax, not shame" would be creating a top federal marginal tax rate of 50 percent on all income above $1 million per year.

That isn't to imply that there are not healthier alternatives. Andrew W. Mellon advocated a flat income-tax rate of 10%: http://www.archive.org/stream/taxationthepeopl033026mbp/taxa...

the Government received substantially the same revenue from high incomes with a 13% surtax as it received with a 65% surtax. It is not too much to hope that some day we may get back on a tax basis of 10%, the old Hebrew tithe, which was always considered a fairly heavy tax.

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