Shopify CEO draws criticism for apparent support of giving wealthy more voting power. Just more ridiculous by the day.

you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 3 months ago (1 child)

This is my vote. I don't know why the tax rate stops at 50%. Making your second million is easier than your first million, you should take home less of it. IMHO it should approach 100% as you make more and more. And the more money that you have the less valuable it is to you so we can put it to better uses for the society.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 2 points 3 months ago

    Because the majority of wealth in the wealthy, is not derived by income, but by equity.

    We need tax reform, not fiddling with the rates, so schemes like buy, borrow, die don't allow them to bypass taxes altogether.

  • source
  • parent