These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m
So crank it up to 60, 70, or 99%! You don’t need a wealth tax to do that.
Why not both?
The problem is that once you are super rich you don’t really have an income anymore. You just expand your wealth and you end up paying way less taxes on that.
This is something that the common mortal can’t even think of.
don’t really have an income anymore
You’re delusional. High and UHNW individuals also tend to have high income.
just expand your wealth
Income expands wealth. Unrealized income will be taxed eventually.
common mortal
Thank god you’re here to tell us these things. Did you get your accounting degree from university of american samoa too? Please just stop