Hmmm... Let’s say I’m rich... The government is going to tax me up to 90% (Might as well listen to Biden - stupid but loves taxes). Just what should I do...hmmm..
Moving, or just moving money, or quit working, or quit hiring, so many choices... I just may wait until next month to make my decision.
‘there's one for you nineteen for me’
‘if 5% should seem too small, be thankful I don't take it all’
We are heading in that direction. While working in Britain in the 80’s, I was making very low wages as my credentials didn't transfer there. My tax bite was 50%. Socialism is a pretty unhappy place for everyone involved. There are no Socialist Utopias in the world. Lots of people think there are, though.