Comment on There are Minimum Wages, Why Not a Maximum Wage?

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Rediphile@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

If I have $250k in shares I can also use that as collateral for a mortgage to buy a house. It would be pretty odd and problematic to be taxed on that like it’s income when it’s not, despite me spending it on a house…because I need to pay it back.

I agree with the rest though. And definitely would love to see 90% for anyone reporting extremely high incomes.

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