Being frank about it, the real laws should be something along the lines of any income 5x above median is taxed at 100%
Wuf I am honestly trying to wrap my head around this idea. Can you help explain a) how this is fair and b) why this would result in a net positive for society?

Putting myself (and just about anyone else that I know of) in a situation where we are making, >250k, the only real logical thing to do then from a utility standpoint would be to do the least amount of work with the least amount of effort possible while still making 250k. Anything after that effectively would get split up 300,000,000 ways (over simplified, of course), essentially making it worthless.