A 70 percent marginal rate could help, not hurt, innovation
I&#x27;m a business owner and working on a startup, and I&#x27;d back a high marginal rate. But my concern is that governments are terrible at spending tax money effectively. I&#x27;m all for my disposable income being used for the greater good but I expect that the money would be gobbled up by wasteful bureaucracy and administration, or doing things I disagree with like sponsoring war or building surveillance dragnets.<p>I&#x27;m from the UK and the 2018 budget&#x27;s total public expenditure for the 2019&#x2F;2020 year is expected to be £842 billion [1]. That&#x27;s £12,757 per person [2] - almost half the average salary [3]. I don&#x27;t think the problem with our government is a lack of money, and I can only presume the situation in the US is similar.<p>[1] <a href="https:&#x2F;&#x2F;assets.publishing.service.gov.uk&#x2F;government&#x2F;uploads&#x2F;system&#x2F;uploads&#x2F;attachment_data&#x2F;file&#x2F;752202&#x2F;Budget_2018_red_web.pdf" rel="nofollow">https:&#x2F;&#x2F;assets.publishing.service.gov.uk&#x2F;government&#x2F;uploads&#x2F;...</a> page 4<p>[2] <a href="https:&#x2F;&#x2F;www.ons.gov.uk&#x2F;peoplepopulationandcommunity&#x2F;populationandmigration&#x2F;populationestimates&#x2F;articles&#x2F;overviewoftheukpopulation&#x2F;november2018" rel="nofollow">https:&#x2F;&#x2F;www.ons.gov.uk&#x2F;peoplepopulationandcommunity&#x2F;populati...</a><p>[3] <a href="https:&#x2F;&#x2F;www.theguardian.com&#x2F;money&#x2F;2018&#x2F;may&#x2F;12&#x2F;salary-what-get-paid-talk-about-it-makes-brits-cringe" rel="nofollow">https:&#x2F;&#x2F;www.theguardian.com&#x2F;money&#x2F;2018&#x2F;may&#x2F;12&#x2F;salary-what-ge...</a>