A Boring Dystopia

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Steve Ballmer is set to make $1 billion a year for doing nothing | CNN Business (edition.cnn.com)

submitted 10 months ago by iraq_lobster@slrpnk.net to c/aboringdystopia@lemmy.world

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[–] danc4498@lemmy.world 45 points 10 months ago (5 children)

This is exactly why you do a progressive tax rate that charges a huge percent (50+) for every penny earned over 20 million.

They can still get these massive bonuses, but get would be better off putting that money into wages that aren’t taxed so much.

[–] overcast5348@lemmy.world 21 points 10 months ago (1 children)

50% for 20 million sounds insane to me. I'd be clamoring for 75% or more. I'm in Ontario and people making something like 250000 CAD already have a marginal rate above 50% IIRC. Before anyone calls me a lazy commie, my marginal rate is in the mid 40s already, and I'm happy to do my part.

[–] danc4498@lemmy.world 1 points 10 months ago

How do you feel about 37%?

[–] Sasha@lemmy.blahaj.zone 17 points 10 months ago (2 children)

Oh honey, that's so much more conservative than I'd tax. 100% over a million, easy.

They don't deserve huge bonuses so I'm not interested in letting them keep anything that insane. There should be a cap on income based upon the median wage or something IMO.

[–] danc4498@lemmy.world 11 points 10 months ago

I’ll meet you in the middle at 75

[–] fsxylo@sh.itjust.works 4 points 10 months ago

I'd back tax them.

[–] Whelks_chance@lemmy.world 6 points 10 months ago (2 children)

The UK tax bands will blow your mind.

Like 40% for anything over 50k. Which I'm fine with btw.

https://www.gov.uk/income-tax-rates

[–] Blackmist@feddit.uk 7 points 10 months ago (1 children)

None of these people earn their fortunes in a way that is affected by income tax.

They're not taking billions in cold hard cash every year.

[–] Whelks_chance@lemmy.world 4 points 10 months ago

Ok, so capital gains tax then. It still kicks in at a fairly early point. Long before you're making millions.

https://www.gov.uk/capital-gains-tax/rates

[–] danc4498@lemmy.world 1 points 10 months ago

It’s probably not bad when you factor in healthcare. Especially the middle class that doesn’t get free healthcare but also pays the same as the super wealthy.

[–] Tathas@programming.dev 1 points 10 months ago (1 children)

We used to have that here in the US.

[–] danc4498@lemmy.world 2 points 10 months ago

Thank you Reagan and Bush