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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.
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For Dell's Billionaire CEO, Taxing the Ultra-Rich is a Joke
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There *__is* intelligent life on Earth, but I leave for Texas on Monday.
(Score: 0) by Anonymous Coward on Friday February 15 2019, @07:52PM (2 children)
Why isn't a part of this proposal at least to give the money directly to poorer people or something? What good does giving it to the government do for anyone but those who control it? I think it is meant as a joke, just shifting the wealth from left to right pocket.
(Score: 0) by Anonymous Coward on Saturday February 16 2019, @11:10PM (1 child)
I can't be bothered to find a link right now but I seem to recall reading somewhere that the uber-wealthy give substantially less to charity than those in the middle class. (By percentage of income I assume.)
(Score: 0) by Anonymous Coward on Saturday February 16 2019, @11:21PM
I'm talking about this idea where corrupt puppets of the super rich and corporations get more money in some scheme purported to decrease wealth inequality. It makes no sense except as a scam, probably why they all laugh at it.