Soros could set a good example by voluntarily paying 70%.
I want a 50% tax on billionaire ASSETS. Total holdings. That would redistribute quite a bit of wealth & may stop people like Soros & Steyer from undermining our constitution with their funding of leftist groups.
I am 51. I have been a workaholic my entire life to the point that I even had a quadruple bypass at 45. Despite radical changes to my diet, excerise, and “sin” habits (quit chewing just before heart surgery without knowing I needed heart surgery). I have also quit caffeine alcohol, salt, and sugar, and have even become fairly fanatical about nutrition. And despite this, my blood pressure is rarely under 180 or 190. I say this not to complain, I made my choices, but as an announcement that I will retire and remove myself from the tax pool. I have sacrificed a lot in life, but It is not about dollar amounts. Being a salaried employee, I work a krap-ton of “overtime”. I do not make a single extra dime for every hour of overtime I work. A 100 work week is not uncommon. A 21 day “work week” is not uncommon.All it does is increase the number of hours a week and thus the percentage of my time in involuntary servitude to others who did not sacrifice anything keeping up with the latest technology, or keeping sharp in science and mathematics while away from “home” 40+ weeks a year going on 3 decades. A 70% tax rate means that on my 100 hour work week that I am spending 70 hours working for layabouts. On a 40 hour work week, I am working 28 of those hours in servitude to others. Not for roads, or bridges, and certainly not national defense for everybody, but to do things like pay for EBT so “the poor” can drive up to the supermarket in their escalades and purchase the best cuts of meat unavailable to the average family which they promptly sell to the black market for cash. I will not be a slave anymore
This is all a scam. The ultra wealthy do not have income the way ordinary workers and business owners do. How about they introduce a wealth tax instead and watch people like Warren Buffett squeal.