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Billionaires should not exist.
(lemmy.world)
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this post was submitted on 15 Mar 2024
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As others have pointed out, this is pretty disingenuous. Some (all?) of the others are quoting marginal tax rates
and the US stacks up nicely on this front, at least in progressive states: max federal marginal tax rate is 37%, with California having a 14.4% max marginal rate. So apples to apples, the US would be 51.4%.
The problem, obviously, is that nowhere in the world do billionaires make their money through "normal" income.