SENATE BILL: Income Tax Reform Act of 2014 (Failed)

[H.E. VOLODYMYR ZELENKSYY]

I'd support TNF's amendment without the confiscation bit.

[H.E. VOLODYMYR ZELENKSYY]

I'd support TNF's amendment without the confiscation bit.

Why should anyone make in excess of $8M? Surely that's too much for any one person.

I'm not supporting letting them keep all $8,000,000 dollars, but they should be allowed to have some, no?

[H.E. VOLODYMYR ZELENKSYY]

I'd support TNF's amendment without the confiscation bit.

Why should anyone make in excess of $8M? Surely that's too much for any one person.

I'm not supporting letting them keep all $8,000,000 dollars, but they should be allowed to have some, no?

I don't see why they should be able to hoard that much money (which is what they'd be doing). That money can be better assigned to social priorities, such as the building of hospitals, expansion of wireless internet services, building mass transit lines, etc.

I just said I don't support letting them keep the money - I want to keep the 90% rate on them too. And we can still build hospitals, subways, and those internet things the young'uns are always going on about without resorting to confiscation.

[H.E. VOLODYMYR ZELENKSYY]

I'd support TNF's amendment without the confiscation bit.

Why should anyone make in excess of $8M? Surely that's too much for any one person.

I'm not supporting letting them keep all $8,000,000 dollars, but they should be allowed to have some, no?

I don't see why they should be able to hoard that much money (which is what they'd be doing). That money can be better assigned to social priorities, such as the building of hospitals, expansion of wireless internet services, building mass transit lines, etc.

I just said I don't support letting them keep the money - I want to keep the 90% rate on them too. And we can still build hospitals, subways, and those internet things the young'uns are always going on about without resorting to confiscation.

It's not as if confiscation would be unfounded, though. The fact that they're making in excess of $8M per year (in almost every case) is evidence that they're skimming the profit out of others' labor. It's outright parasitic. That money should be forcibly confiscated of them and put to work for those who actually produced that wealth, i.e. the workers of this nation.

And that is why we tax them at 90%. I just don't think we should be taking away someone's entire income - what if someone makes an app or something by themselves that gains them ten million dollars in a year? Should they get nothing from that?

[H.E. VOLODYMYR ZELENKSYY]

I'd support TNF's amendment without the confiscation bit.

Why should anyone make in excess of $8M? Surely that's too much for any one person.

I'm not supporting letting them keep all $8,000,000 dollars, but they should be allowed to have some, no?

I don't see why they should be able to hoard that much money (which is what they'd be doing). That money can be better assigned to social priorities, such as the building of hospitals, expansion of wireless internet services, building mass transit lines, etc.

I just said I don't support letting them keep the money - I want to keep the 90% rate on them too. And we can still build hospitals, subways, and those internet things the young'uns are always going on about without resorting to confiscation.

It's not as if confiscation would be unfounded, though. The fact that they're making in excess of $8M per year (in almost every case) is evidence that they're skimming the profit out of others' labor. It's outright parasitic. That money should be forcibly confiscated of them and put to work for those who actually produced that wealth, i.e. the workers of this nation.

And that is why we tax them at 90%. I just don't think we should be taking away someone's entire income - what if someone makes an app or something by themselves that gains them ten million dollars in a year? Should they get nothing from that?

Not that I really want to argue in favor of a 100% tax rate, but with the way tax brackets work I think that only the last 2 million would be confiscated.

Ah, right, my mistake - but the point still stands.

[H.E. VOLODYMYR ZELENKSYY]

Nay.