Madame la Guillotine

madame-la-guillotine-iantoons

“Madame la Guillotine” – a cartoon that illustrates the shift in sentiment towards higher corporate and individual tax rates to help pay for the debt built up by the coronavirus relief bill.

Concerns that increasing the capital gains tax to 43% has billionaire venture capitalists saying that it might “kill the golden goose that is America/Silicon Valley.”

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“Love the slacks/vest uniform used!”
Charlie Walker
MD Investor Coverage at Silicon Valley Bank
“Let’s be honest, the ‘golden goose’ is a bit of a fallacy. Trickle down economics doesn’t work as literally all of the stats relating to wages, the ‘top x % vs the lowest x %’ figures, etc etc all demonstrate. Exacerbated by the covid scenario. Not making a political point but the billionaire venture capitalists are already in a pretty good situation: tax on ‘sweat’ is around 40%, tax on ‘money’ around 20(ish)%, so they’ve already got a huge advantage.”
Nick Whiting
Associate Partner – Senior Expert at McKinsey & Company
“Rich and uneducated Rentiers by what I see in this toon. Tax-em-high I say.”
Roger Ogilvy Vacher
Executive MBA: Strategy, Operations, Communications
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