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For Dell's Billionaire CEO, Taxing the Ultra-Rich is a Joke

posted by takyon on Friday February 15 2019, @04:59PM   Printer-friendly
from the marginal-opinion dept.

Arthur T Knackerbracket has found the following story:

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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  • (Score: 1, Interesting) by Anonymous Coward on Friday February 15 2019, @11:11PM (1 child)

    by Anonymous Coward on Friday February 15 2019, @11:11PM (#801814)

    1) punitive levels
    70% for all above 10 000 000 or so. I do not think you know what that first word means.

    2) The idea sort of is to implement this in most of the civilized world

    3) if you want to live in a 3rd world country with all your $$$, be my guest, it might enlighten you. At least you also do not get to profit from our tax money.

    4) A punitive (hey look at that word) fee for fleeing the jurisdiction can be implemented.

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  • (Score: 0, Insightful) by Anonymous Coward on Friday February 15 2019, @11:38PM

    by Anonymous Coward on Friday February 15 2019, @11:38PM (#801835)
    1. If you think there are any significant number of individuals making more than 10 million a year in taxable income you're absolutely out of your mind. So your version of it fails for only a slightly different reason - it would generate virtually no additional revenue, best case, with no flight.

    2. National interest and economic interest mitigate against it.

    3. GFYS. Seriously, that sentence is nothing but a compound series of unfounded and factually incorrect assumptions. You're a cabbage.

    4. Sig Heil!