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Ask Justin Frankel
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Question:
hey jf- am feeling a temporary solution to balance of finacial resources-- cap individual/ private earnings @ no greater than 10mill... coporations / businesses capped @100 mill... all currency overflows go back into national community funds (shared equally) what you think about this proposal? feasible? WHO needs more?
Asked by 2023 (2.26.163.x) on April 14 2023, 8:04pm
Reply on April 14 2023, 8:49pm:
I think that progressive taxes more effective and reasonable than hard caps, a hard cap creates strange incentive structures whereas a 90% maximum tax rate at least still can motivate. And it would be imperative to close tons of loopholes. And you need to have the ability for companies to manage money for big investments. But I agree in principle! The implementation is not easy.
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Posted by 2023 (2.26.163.x) on April 16 2023, 10:24am:
interesting... (rate per annum) also...this disgraceful idea of nations having "national debts" seems ludicrous to a simple minded being... thanx!
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