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This is a toot from the current popular toots on Mastodon.
Implicit in “profit so much that money becomes trivial” is that they think this tax rate should apply to very high profit businesses/individuals.
In fact the US’ top tax rate was 90% for almost a decade and over 70% for 40 years - during a time many would consider “golden years”.
They could have worded their statement better though.
So, what's wrong about it? It sounds like a personal position to me. Even if the percentages aren't exactly correct, I don't think that completely corrupts their concept.
Is it a 100% tax rate as good as they think it would be? Maybe, maybe not, but predicting one way or the other isn't misinformation.
What is misleading about this? This is clearly just a personal opinion. Just because you don't agree doesn't mean it is misleading.
That's a radical position. I support social democratic economy, but it's too radical for me. However, I don't see what's misleading about it...
There is misinformation and that's a position I technically agree on, just depends on what is included and at what limit.