Not enough income for a waiter to pay a 40% tax rate.
Not practical. We can’t have most waiters sleeping on the sidewalks.
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You are dealing with LIBs and Socialists here..
IF the Restaurant owner can pay the 15 or 20 or whatever per hour to the bus boy, he can afford to pay the busboys apartment rent
Of course no one in ‘the group’ understands that when the prices are so high to ‘cover everything’ there will either be robot staffs OR the owner will close his doors and look for a job where someone has to take care of him.
The answer to EVERYTING in the LIB/Socialist world is based on OPM and when OP say this is enough....well you get the point....
Income over $1 million should not be taxed at all. There should be a limit on what a person has to pay. Why punish success? Everybody should pay a flat 10% on the first $1 million of income. That’s it.
Inheritance should NEVER be taxed.