Scott Galloway Likes the Idea of an 80% Top Income Tax Rate. ‘I’m Going to Sound Like a Socialist Here and I’m Not’
‘If you get into that top tax bracket, 80%, you’re not any less happy because you’re making so much bank that your happiness has already peaked’
TRANSCRIPT:
GALLOWAY: "And I'm now of the mind, and I'm going to sound like a socialist here, and I'm not. America was capitalist in the 80s and in the 70s, and the top tax rate was 80%. And by the way, if you get into that top tax bracket of 80%, you're not any less happy, because you're making so much bank that your happiness has already peaked."
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