Gawker’s Hamilton Nolan: “Let’s have a maximum income.” No, really:
Let’s have a maximum annual income of, oh, $5 million, pegged to inflation. All income above that would be taxed at 99 percent. Our precious national sports stars, celebrities, and corporate executives could still be fabulously wealthy. The daydreaming poor could still have a nice big number about which to hopelessly dream. Five million dollars a year. Five million! Anyone with $5 million can invest it conservatively enough to earn 5 percent a year and still be making $250K per year without lifting a finger. In other words, $5 million provides you with the means to live as a member of the one percent without ever touching the principal. It’s everything that any reasonable person could ask for, financially speaking.
Let me pull a number out of my ass that seems like a lot. 15,000 sounds like a very big number to me — it has a comma in it and everything. And now I’ll say that 15,000 should be the maximum amount of money a vile prog should ever be allowed to earn in a year. Maybe in 18 months.
(Quit your whining — that’s plenty to cover the basics, especially after ObamaCare kicks in. And the bus is even more efficient than a Prius, anyway.)
And just because I’m smart and mean, anything a vile prog earns over $15,000 will be taxed at… 110%. Because who doesn’t want to give 110%? The coach always told me to give that much. And he was a nice soccer coach, not some crypto-fascist football screamer. And at the end of the year, vile progs who made less than $15,000 will be given an attendance trophy in the shape of a bleeding heart.
Think of all the salary expenses George Soros will save in the first year alone.