this post was submitted on 17 Mar 2026
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The problem I see is that rich old man has a lot of cash, and governments compete globally for that mans investment dollars. If you tax him theres some euclidean point where it no longer makes sense to invest.
If you're talking about taxing a person making 1 million dollars 75% and taking away 750k is that really fair? If you're some kind of genius programmer or CEO who went to Harvard would you stay for 25%?
We need to remove the tax loophole that people like Elon Musk use, where they borrow money to avoid paying taxes.
Yes, that is exactly the point! That one rich person can not invest any more to screw everyone! There can still be governments, non-profits and cooperatives to invest. Only they have to invest with a multitude of people in mind.
Yes that is totaly fair. No one can be so much of a genius to justify earning so much more. Also, what kind of asshole genius doesn't want to contribute to a better society?
Here in Canada our central bank is warning about a lack of productivity investment, as the US is sucking investment away. They say its lowering standards of living, something about real wealth is per capita worker productivity.
There is absolutely no one hard working or intelligent enough to be worth 4M$/hr.
Doesn't matter how many Harvard-level degrees you have.
The only possible argument for someone earning that much money is if "they took a huge risk by investing a lot of money in a hugely risky business opportunity".
And in that case, such risk should not exist. If a government wants to truly encourage entrepreneurship, it should provide with the basic needs for everyone, even if they lose everything in a risky business that didn't pay off. At the expense of course of taxing it when it does pay off.
Otherwise, only the rich can be entrepreneurs.