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It's simple, you start at the top, by imposing a 70% tax on the higher brackets as Cortez wants. If the marginalized group would get too wealthy (straw-man argu
by 21 8y ago
It's simple, you start at the top, by imposing a 70% tax on the higher brackets as Cortez wants. If the marginalized group would get too wealthy (straw-man argument), the 70% tax would still do it's job.
https://www.theguardian.com/commentisfree/2019/jan/08/alexandria-ocasio-cortez-70-percent-tax-rich https://www.theguardian.com/commentisfree/2019/jan/08/alexan...
- acali 8y agoSo remove the incentive to earn above a certain threshold?
- 21 8y agoIf taking home 300 mil on a 1 bil income is not incentive to you...
- acali 8y agoWho earns $1B as income? I seriously don't think that is a thing. The big earning usually happens when companies or stock gets sold. And yes, it would hurt incentive and takes away funding from capital investment.
- f00_ 8y agoI'm not saying higher taxes aren't something I want, but it's impossible to get by the heavily lobbied government