If the top 1% of earners were to be taxed at 100%…

2 months ago
18

If the top 1% of earners were to be taxed at 100%, would the taxes for the other 99% of the country need to pay any taxes?
A question from Quora.com --Well, no. Taxes for everyone else would go up MASSIVELY, since the top 1% would leave, retire, or make less income to drop below the insane tax level. And what's interesting is to look at the net worth of the various people calling to "tax the rich" … of course, they mean OTHER rich people, not them!

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