A 95% TAX ON THE WEALTHY?

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quiz :

A 95% TAX ON THE WEALTHY?


[+] serious ballot by herzog
ACTIVE Tue Feb 06, 07 - Wed Feb 06, 08

Who came up with this gem?

"This kind of inequality should be a source of concern. Bill Gates, Paul Allen, Steve Ballmer and the other millionaires and billionaires of Microsoft are brilliant, hardworking, entrepreneurial and justly wealthy. But only the first 5 percent of their wealth can be justified as an economic incentive to encourage entrepreneurship and enterprise. The next 95 percent would create much more happiness and opportunity if it were divided evenly among U.S. citizens or others than if they were to consume any portion of it."

Yes, this guy actually suggested a 95% tax on the wealthy, sounds absurd, but it's true.

Who was he?

A professor of economics at UC-Berkeley
Assistant treasury secretary during the Clinton administration
A hardcore socialist

Ballot #112038 : SEE RESULTS

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