The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31041
Likes: 52413


I think we may agree that raising taxes to


70% on wages probably wouldn’t matter terrible much in either direction. Lebron would still play basketball, and the increase in taxes wouldn’t even make a perceptible dent in the deficit. So why do it? To be punitive? To make poor people feel better that we’re sticking it to the rich?

The more socialist countries in Europe have figured out the best way to raise revenue for social programs is not to “soak the rich”, but to “soak” everyone. There are just not enough rich people to go around. And certainly not enough $10 million earners.

FWIW, here’s an analysis of AOC’s proposed 70% rate, that clearly considers ALL income of $10m + earners. Note the the parenthical “The exercise also assumes capital gains would be taxed at this much higher rate”

[Post edited by BocaHoo91 at 01/07/2019 09:46AM]

(In response to this post by WahooRQ)

Link: https://www.google.com/amp/s/www.independent.co.uk/news/world/americas/alexandria-casio-cortez-tax-rate-super-rich-green-new-deal-cbs-interview-60-minutes-aoc-a8713921.html%3famp


Posted: 01/07/2019 at 09:43AM



+0

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
 
  
Alexandria Ocasio-Cortez's Sane Tax Policy -- BonsackHoo 01/06/2019 6:07PM
  The Rich don’t pay taxes, the Middle Class do... -- ConnHoo 01/08/2019 07:40AM
  Shhhh....He's All In. ** -- hoothat 01/06/2019 10:53PM
  Chick's got some crazy eyes. ** -- Hoogle.com 01/06/2019 10:12PM
  You have a great understang of -- Shenhoo 01/06/2019 10:38PM
  Indeed, I agree. It is why governments are -- Shenhoo 01/07/2019 07:40AM
  What's absolutely necessary is subjective -- wahoo138 01/07/2019 07:53AM
  Smh... ** -- hoothat 01/06/2019 11:46PM
  And? Smart people have dumb ideas too. ** -- hoothat 01/06/2019 8:36PM
  What's your excuse? ** -- wahoo138 01/06/2019 9:19PM
  That was your retort? Wow. -- hoothat 01/06/2019 10:47PM
  70% is not current mainstream left wing economics. -- HoosWillWin 01/06/2019 7:15PM
  Geez. Did you even read the linked article? -- BonsackHoo 01/06/2019 7:21PM
  This guy once met EW...watch out. ** -- hoothat 01/06/2019 11:10PM
  Maybe I missed it, but has anyone in either the Senate -- HoosWillWin 01/06/2019 7:29PM
  Free market economists who are left leaning -- TomKazanski 01/06/2019 9:09PM
  I agree. An argument can be made. ** -- HoosWillWin 01/06/2019 7:46PM
  Thanks for the advice! ** -- BonsackHoo 01/06/2019 7:26PM
  You're welcome! ** -- hoothat 01/06/2019 7:27PM
  Shhh... Bonsack's All In. ** -- hoothat 01/06/2019 7:02PM
  Nope, 10% for everyone, FAIR TAX ** -- Charleston Cav 01/06/2019 7:23PM
  Is this TIC? ** -- hoothat 01/06/2019 6:32PM
  You don't have a side? ** -- BonsackHoo 01/06/2019 6:50PM
  I am not on the side of 70 percent taxes... ** -- hoothat 01/06/2019 6:53PM
  Your view has proven limited. ** -- hoothat 01/06/2019 7:03PM
  Just like your maximum post length ** -- BonsackHoo 01/06/2019 7:05PM
  Why use tons of words to say the same thing? ** -- hoothat 01/06/2019 7:10PM
  She is a superstar and an American hero. ** -- ResistHoo 01/06/2019 8:59PM
  Lets see after 60 minutes tonight ** -- BonsackHoo 01/06/2019 6:58PM
  How was your episode? Still thrilled? LOL. ** -- hoothat 01/06/2019 11:55PM
  Is this TIC? ** -- hoothat 01/06/2019 7:01PM
  They're not talking to you man -- wahoo138 01/06/2019 7:17PM

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307