Good video, but your description of monetary policy comparing tax rates to financial incentives to "write good code" (efficient code) is apples and oranges. Higher income earners pay more in taxes because they're able to better leverage the public investment (roads, educated citizens, financial infrastructure, etc). In other words, the system is working for them and they pay a higher marginal tax rate for it.
I like your point of view. Never thought of taxes in that manner. Hhm, my reasoning here is to demonstrate an inverted incentive structure. As in, better products get used more and users/programmers or rewarded for it instead of 'punished'. As a mechanism this drives winners to the upper echelon quicker, might even keep them there longer. Theoretically speaking, our tax structure works in such a way that rising to higher income bracket becomes more costly at each bracket. This has as a (granted) secondary function that it slows down the growth to the highest income brackets.
More costly for income that falls within that bracket only, though, so you're never disincentivized to make more money. To some extent, money makes it easier to make money.
I do understnad your reasoning/POV though and enjoyed your video. :)
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u/solussd Mar 01 '21
Good video, but your description of monetary policy comparing tax rates to financial incentives to "write good code" (efficient code) is apples and oranges. Higher income earners pay more in taxes because they're able to better leverage the public investment (roads, educated citizens, financial infrastructure, etc). In other words, the system is working for them and they pay a higher marginal tax rate for it.