Haha, more like, we are in a state of hyper inflation right now, so the rich are going to be making trillions and the peasants are all going to be over $400k paying 40+% taxes too.
It's fine because you're a millionaire, your living space cost you $9 million for a 2 bedroom apartment.
People making 400k+/yr be like "No problem, I'll just review the tax code with my CPA and find ways around it."
Business owners making 400k+/yr be like "No problem, I'll just make my products more expensive and pass the costs on to the consumer."
Consumers: "Looks like I'll have to tighten my belt a little more."
Haha, more like, we are in a state of hyper inflation right now, so the rich are going to be making trillions and the peasants are all going to be over $400k paying 40+% taxes too.
It's fine because you're a millionaire, your living space cost you $9 million for a 2 bedroom apartment.