The Soapbox

WahooRQ

Joined: 04/30/2006 Posts: 44683
Likes: 60757


The point economists have made is that is the revenue optimal top-marginal


rate, or so sayeth a number of credible economists (I don't consider Heritage and AEI guys the least bit credible and they tend to be the only ones who even try to argue that tax cuts in the current environment lead to increased revenue). I don't necessarily think revenue-optimal means best public policy but it's at least a starting point to conversation. And setting the top bracket that high would mean you're taking a lot more from a handful of people who are rich AF regardless. I'd rather do that than cut programs that help poor, working, and middle class kids.

That's just the public policy side. Simply sticking to to people who make over $10 mill a year would not likely lead to much more revenue, but I assume you would have some higher brackets between 500K and 10 million too that are not as high as 70% but significantly higher than they are now and that certainly would.

Anyways, it's certainly an efficient way to achieve higher revenues without damaging the economy and the Trumpleton income tax cuts were an abomination that should not stand. I say that as one who benefits from them.

But I also think folks like AOC who are more extreme left than I am by far don't like income and wealth inequality and see it as a major source of social injustice and inequality, and do favor some "redistributive" measures that puts us more in line with the rest of the developed world in that regard. I think there is a "fuck those rich guys" mentality in much of the far left and a desire to prevent America from having an elite ruling wealth class. That's not necessarily a terrible idea, although there is a ton of nuance that is left out of your average political soundbyte discussions.

(In response to this post by BocaHoo91)

Posted: 01/07/2019 at 11:23AM



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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

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