A 99% tax is insane
"AOC's policy adviser wants to tax high incomes at 99%. A tax attorney says it would be 'naive' not to expect high earners to change their habits in response."
https://www.businessinsider.com/aoc-policy-adviser-tax-income-million-99-billionaire-ceo-2019-7?utm_content=buffercb167&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-bi
How awfully sad it is when unbridled envy is so apparent in the suggestion of a tax rate of 99% for those who are responsible for our economy. The envy seems to drive the desire for everyone to have nothing. The incentive to produce is certainly profit. In greed naturally would follow with our human tendency of self absorption and self-aggrandizement.