You don’t even need to tax it at 80% because if you did billionaires would move elsewhere (see…
Mark Suster
28618

You would do better by lowering the taxes of secretaries or accountants or teachers which I guess is some sort of code for not rich, and completely eliminating tax for lower income or better yet increasing the use of a successful program like the earned income tax credit, that way one can accomplish the goal of social mobility much better than by giving more money to inefficient and non local governments.

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