Money Gives You Wings (Patreon)
Published:
2025-01-22 16:54:23
Imported:
2026-06
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Many believe marginal personal income tax rate over 50% constitutes theft rather than taxation! When more than half of one's additional earnings are taxed, it's argued that the drive to work harder diminishes significantly because the reward for extra effort is substantially reduced.
I often say money gives you wings, particularly in large amounts, provides freedom and opportunity—often metaphorically described as giving one "wings" to fly, suggesting that high earners, like millionaires, benefit from greater ability to escape high tax regimes.
Many in the UK for example are leaving in droves... for Lisbon, Cyprus, Dubai etc
US Tax Rates for comparison
Australia not that bad either
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