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Scott Galloway on the end of the brand era, monetising rage and how to create wealth
Uncensored CMO
Diminishing Returns in Income and Happiness
Once an individual reaches a savings threshold of around nine to 100 grand, additional income beyond that point adds very little happiness due to diminishing returns. The speaker suggests taxing high incomes over 10 million at 70-80% as the incremental benefits to those individuals are minimal. Instead, focusing on redistributing resources through programs like child tax credits or negative income tax for lower-income brackets can significantly increase overall happiness and thus impact social policy positively.
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