If a billionaire is taxed 80% on the year he or she earns that billion, they will still be worth $200 million. And they are still free to start businesses and pursue wealth. They are still rich. They have not been “hunted” or “killed.”
An open letter to Paul Graham
Rick Webb
1K63

You presuppose that the IRS will distribute that $800 Million better than the billionaire. If I had earned $1Billion you bet I’d have plans for it other than paying taxes.

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