More like if you had 40 cars and the government said they were going to charge you 90% tax for your 41st.
In other words, nothing like that.
400k is not quite 40 cars level of income though. 4 million might be more in that range.
No, more like we are going to tax you 90% on everything from that point on. 90% is insane, folks. We don't have the same economy or tax laws today that they had in the 50s. You can't ignore what's changed.
> 90% is insane, folks.
Why? Why is that the magic number that is insane??
even clinically, sane vs. insane is a judgment call
No, it would be like I had three big houses, two boats, and 10 cars. What do I need half of this for?
Bernie Sanders has the 3 houses part of it. Dunno about the boats or cars, but he has the houses. Why don't we ask him why he needs 3 houses?
Bernie Sanders has three big houses, a boat, several cars, and multi-million dollar book deals. What does he need half that stuff for?
I don't know. I'm German and how Americans continue to almost exclusively elect millionaires into federal positions amazes me.
It's because our system is heavily skewed to reward the biggest campaign spenders.
The people who build houses, boats, and cars might be pretty happy about it.