Would an 80% income tax be reasonable?

Lornapink

venison wrote: »

Didn't we have 98% "super tax" in the 1960's or is my memory playing tricks on me?
Just checked and we did it was a top rate of 83% plus a 15% super tax.
So in answer to the OP I don't see any problem with a super tax maybe the 40% plus another 25% ?

In the 1970s, the size of the Swedish state began to expand in earnest under successive socialist governments. Punitive taxation, prompted a mass exodus of wealthy citizens and entrepreneurs, including, famously, the filmmaker Ingmar Bergman and IKEA founder Ingvar Kamprad.

Now of course Scandinavia is run by Conservative lead Govts.
Corporate tax rates in Scandinavia compare favourably with those of overtly capitalist countries. Sweden and Denmark!!!8217;s are among the lowest in the EU 15, while Finland!!!8217;s, at 20 per cent, is on a par with Britain.

Trump's tax cut is leading to more prosperity, not less, and millions of citizens abandoned in Opioid fuelled, repo man rust belt towns by Obama and Bush at last have a sense of a future and returning dignity.

Virtually everyone was poor 200 years ago. Capitalism transformed everything. The role of charity is by comparison a drop in the ocean.

Lornapink

PasturesNew wrote: »

But she had luck in the end was the point I was making.
She wasn't trying to be rich/famous or a top/international singer.... she just got lucky. Yes, she could sing well,

I agree with both of you.
One is born with a subconscious that drives the conscious and all of this is a matter of luck - trillions of electro-chemical interactions. Brain scans show all thoughts / actions emanate from the subconscious, 'you' have no control over this.
This is not my opinion, but a matter of fact as shown in the 6 part BBC 2 series on the brain. Nobody 'decides' to like Brussels sprouts or thrash metal, you didn't just now decide where to place your left hand.

On the other hand.............. luck is typically a function of persistence.

Many people have an unrealised dream, invention or book. In the end those that tend to make their dreams a reality do so by way of persistence. Watch the new film 'Founder' about the down on his luck salesman that envisioned a 1-off burger bar as a global brand, MacDonald's. His persistence in the face of overwhelming odds is all that counted, but he was LUCKY his subconscious drove his persistency characteristic.