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What are the detrimental effects of taxing the very wealthy at 60 or 70% of their income?



What are the detrimental effects of taxing the very wealthy at 60 or 70% of their income?

What detrimental effects? There aren't any!

Do you think CEOs making fourty or fifty million dollars a year will quit their jobs because of it?

And Why shouldn't people making over Five million dollars a years be subject to this kind of taxation?

Just how much do they need to live on anyway?

The Benefits and Wealth of this great country of ours was meant to be shared by everyone! Not just the select few as the wealthy contributors of any particular political party! Source(s): a realist
They'll put someone else on the presidency next time
None whatsoever
They emmigrate,or spend more time in their foreign homes: so that we receive no contributions from them at all.
M
The wealthy create jobs.
Take their money away, and they won't take risks to start factories and create jobs.
Its called Communism. We dont want it here.
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