Comment maximum wage? (Score 4, Interesting) 919
Do you support the following part of the Green Party's platform?
"Maximum Income: Build into the progressive income tax a 100% tax on all income, regardless of source, over ten times the minimum wage. With this Ten Times Rule in effect under today's extremely unequal distribution of income in the U.S., a 100% tax on income above ten times the minimum wage would allow us to cut the income taxes of everyone in the bottom 99%, by over half for the top brackets, by over three-quarters in the middle brackets, and totally for the lower brackets--and still generate about 40% more tax revenues than under the current income tax structure."
"Maximum Income: Build into the progressive income tax a 100% tax on all income, regardless of source, over ten times the minimum wage. With this Ten Times Rule in effect under today's extremely unequal distribution of income in the U.S., a 100% tax on income above ten times the minimum wage would allow us to cut the income taxes of everyone in the bottom 99%, by over half for the top brackets, by over three-quarters in the middle brackets, and totally for the lower brackets--and still generate about 40% more tax revenues than under the current income tax structure."
