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The easy way to do this is to add a new tax bracket with a higher marginal rate at, say, 4xGDP per head.

In the UK the highest marginal rate of 40% kicks in slightly below 2xGDP/head. A 60% rate tax above 4xGDP/head (that's over £90k) couldn't hurt. And an 80% rate above 8x wouldn't be bad either.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Sat May 31st, 2008 at 06:03:28 AM EST
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