The primary point of the 70% tax for every dollar in excess of 10 million -- is to impose a sort of softcap on how much you can pay yourself. And that is what anyone who made over 10 million in one year did -- paid themselves as a CEO or business owner of some kind that amount of money.*
If everyone had 10 million dollars in one year, our GPN would have to be 3,290,931,100,000,000 USD....i don't even know what that number is called.
In other words -- its disgustingly excessive in any country for people to make 10 million in one year. The only excuse I can think of is the lottery -- which is kind of stupid too.
*Entertainers and the most elite sports stars are exceptions I grant you -- that's one of the most rare things to be in the world and it is widely agreed few of these people deserve the amount of money they get anyway.
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