this post was submitted on 17 May 2026
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I think that percentage should be much higher. Like once you've hit a million, 100% of anything more goes right back to the community. Social programs, housing, healthcare, etc.
I actually like really high (but sub 100%) numbers instead. It still gives a little incentive for the complete unhinged to earn money and hopefully society does much better with the 90% they collect than the 10% the billionaire does whatever with
Some of the best times for the working class here in The U.S. happened when the tax rate was 90% on the highest earners.
With that said, I'm pissed about our current situation and looking for more of a "wipe them from the board" solution. If they're wise they'll look at the 90% tax rate as the gift that it is.
Put $5k into index funds per year, you will have $2m when you retire (assuming a conservative 8% annual gain). Now add in your home's value, etc. Retired middle class workers often have wealth over $1m.
Nobody will support taking pap's hard earned retirement money.