Exactly. Nobody will ever actually pay a 90% income tax rate, nor should they. The purpose of a 90% top-tier income tax rate is to convince them to actually spend their money in the economy instead of hoarding it in financial assets.
Bell Labs is credited with the development of radio astronomy, the transistor, the laser, the photovoltaic cell, the charge-coupled device (CCD), information theory, the Unix operating system, and the programming languages B, C, C++, S, SNOBOL, AWK, AMPL, and others, throughout the 20th century. Ten Nobel Prizes and five Turing Awards have been awarded for work completed at Bell Laboratories.
Exactly. Nobody will ever actually pay a 90% income tax rate, nor should they. The purpose of a 90% top-tier income tax rate is to convince them to actually spend their money in the economy instead of hoarding it in financial assets.
You know what you get with that? Bell labs.