Scott Galloway, appearing on Piers Morgan’s show:

Once you get above a certain level of wealth, you get no incremental happiness. So why on earth would you not go back to a tax policy of the 60’s, 70’s, and 80s? Where, say above $10 million, you actually pay more than 10%? Maybe more than 20%? Maybe more than 50%? Because the difference between $30,000 a year for a household and $50,000 is enormous to the well-being of that household…But the difference between making $10M a year and $15M a year offers you no [extra] happiness.

I’ve been saying this for years, but it’s always thrown back at me as “too socialist”.

And yet, the statement is still true.