The FULL STALIN?
Fine lets tax the rich...
How about this tax rate.
99% on all earnings over $10,000,000.
Earn $10,000,000... collect $100,000.
99.9% on all earnings over $100,000,000.
Earn $100,000,000... collect $100,000.
Plus asset seizure.
Also file to take their houses, the cars, etc. etc. etc.
And 91% tax rate would kill off all wealth, retirement, and jobs!
No one would work for 9% of their salary.
Krugman left out the other side of the story.
Back when there was a 91% bracket, there were a huge pile of deductions so that the money subjected to the 91% was very small. Today all those deductions are gone thanks to the dimrats. And still he thinks that taxing producers at 91% would work. It might the first year, but after that the producers would quit producing.
Then the obamabots would starve.
I watched Doctor Zhivago last night, and already saw We The Living - Ayn Rand, and read that book, recently...
We are headed that way. Communism. Gov owns it all. They take your money, house, furniture, your business...
They tried that in Zimbabwee too, didn’t work