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  1. #1
    Jack Sawyer's Avatar
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    Quote Originally Posted by Sasquach991 View Post
    If you taxed the top 1% at 100% would this help?
    10 CEOs On $1 Salaries (Apart From Their $Millions in Stock Options) | Business Pundit


    But no, that's not it. The idea is not to take all the money away; the idea is that those who can easily carry a higher burden for the good of the entire society, to actually do so.Having a 10 figure salary is nice, but it also means that you can proportionality carry a much higher burden than someone who has a 5 figure salary.
    Last edited by Jack Sawyer; 08-08-2011 at 06:08 PM.
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  2. #2
    Quote Originally Posted by Jack Sawyer View Post
    The idea is not to take all the money away; the idea is that those who can easily carry a higher burden for the good of the entire society, to actually do so.Having a 10 figure salary is nice, but it also means that you can proportionality carry a much higher burden than someone who has a 5 figure salary.
    Laffer curve - Wikipedia, the free encyclopedia

    Just because you raise the tax rate does not mean that you collect more taxes.

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