What will happen with this taxation is that if everybody makes the same income, then everybody pays 50% in tax. If some rich dude is making a lot more money then everybody else, they will lower the tax for everybody else while paying a lot more them selves. At some point (say 3 standard deviations above the mean) you end up getting less after taxes then had your income been lower (say 2 SD above), in other words, the limit is 100% tax for extremely high incomes (and 0% for extremely low incomes). That is, I favor a system that has maximum income, and you are actively punished for making more.
I guess the board would have to vote to keep my income at the optimum level, or just below, to prevent me from jumping ship to run a competing company that offers to pay less.
Even if yourself could argue that you’ve done a good thing overall, I’d rather not take your word on that and would rather not have you decide something so extremely impactful.
1. Billionaires shouldn't wield lots of wealth, because it's scary.
Sticking to that concept makes the discussion a lot clearer. Never mind concept 2, it's haunted by the futile spirit of Marx and he's throwing crockery around.