Going farther . . .

Reader comment on: Max Tax

Submitted by Harry Binswanger (United States), Oct 31, 2017 01:39

A few years ago, I had a regular column on Forbes Online. In one column, I argued that, if anything, the 99% should "give back" to the 1%, because they have gained much more from him than vice-versa.

For their enormous contributions to our standard of living, the high-earners should be thanked and publicly honored. We are in their debt.

Here's a modest proposal. Anyone who earns a million dollars or more should be exempt from all income taxes. Yes, it's too little. And the real issue is not financial, but moral. So to augment the tax-exemption, in an annual public ceremony, the year's top earner should be awarded the Congressional Medal of Honor.

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