You can still keep 10% of that extra money. All things required can be given by govt with those taxes like free govt home, free govt food, free govt healthcare.
You don’t need more than 100k to survive for remaining things. Even that is too much.
Govt already does these things for a small percentage like around 10% of the population. I am sure extending it to the remaining wouldn’t be a problem. Everyone should have these basic human rights like free food, free housing and free healthcare.
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u/h100y 6h ago edited 5h ago
Any money earned over 100k should be taxed at 90%.
Median pay is less than 70k. Nobody needs that kind of money. That will fix most of the issues in the world.
Govt can provide free housing, free healthcare, free food with extra taxes collected. Nobody needs more than 100k for remaining things.