At the recent World Economic Forum in Davos, Switzerland, a panel moderator asked Michael Dell, America's 17th-richest man, what he thought about the idea of raising the top marginal tax rate to 70 percent.
This idea has been in the headlines since Rep. Alexandria Ocasio-Cortez floated it in a 60 Minutes interview on January 6 as a way to pay for a Green New Deal.
The Davos panel found the question hilarious. When the laughing died down, Dell, the founder and CEO of Dell Technologies, dismissed the idea out of hand, claiming it would harm U.S. economic growth.
(Score: 0) by Anonymous Coward on Friday February 15 2019, @07:15PM
The idea of fair taxation by-way-of-a-tax-on-wealth is that you constrain the sociopaths. As is, they are profiting from the misdirects that has the median think of taxes as being sales/property or income. Even the reporting on that Davos laughter failed to mention that taxes on capital, and not just capital gains, are the way to get a sense of fairness into the system -- without having to make moral judgments, and therefore without the hopelessness that you might have felt/found yourself in at the end of your post.