Trump’s Last Deal

Even assuming the absence of hyper-inflation, I wouldn’t endorse a 70% tax rate. The mistake is explained thus.

Say you make great money as a surgeon: about $400,000 per year. you could make more, even, but when you contemplate the 70% rate starts at $350,000, everything you do after that $350,000 is diminishing returns. Bobby’s brain tumor will just have to wait.

Same goes with every other business in America: once you his the point of diminishing returns, it’s time to quit and go the the summer house.

Don't bother.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s