What do you think about this tax scheme

[total capital:tax rate]
5B+=99% 4B=98% 3B=97% 2B=96% 1B=95% 500m=90% 250m=85% 125m=80% 60m=75% 30m=70% 15m=65% 7m=60% 3m=55% 1m=50% less than 1m=0%

what would be taxed? income? capital gains?

Yes, let's remove all incentive to achieve.

>>3
The problem is when you have $50 million you can just laze around all day.

Take musicians for instance, all their best work is when they are young and poor then when they get rich they stop trying so hard.

How do you solve this problem?

>>4

They can still apply for other options like be the judges for competition like America Idol or America got talent if their album didn't see anymore. The point is they still have to pay tax and unless the tax amount they need to pay is ridiculous, what difference does it make if they choose to slack ?

>>4
What problem?