Once you count government transfers, our fiscal system is actually pretty progressive, and has been getting steadily more so over the years (unlike, say, Sweden).
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For example, Bill Gates and Warren Buffett.
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First of all, it will provide some revenue. Maybe not as much as people think, but definitely some. Especially if top taxes are raised in a variety of ways.
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That might just make companies hold more cash, but it might increase business investment. And that would be good!
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That's part of what I might call "democracy".
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