I think the best argument against 70% on 10+mil income is the basic fact that it'll increase the tax take by only 0.3%, best case scenario (no tax dodging, no d

I think the best argument against 70% on 10+mil income is the basic fact that it'll increase the tax take by only 0.3%, best case scenario (no tax dodging, no damage to the economy). This idea is almost not worth discussing. > One estimate puts extra annual revenue from Ms Ocasio-Cortez’s idea, which applies only to incomes above $10m, at perhaps $12bn, or 0.3% of the tax take. https://www.economist.com/leaders/2019/02/02/how-to-tax-the-rich https://www.economist.com/leaders/2019/02/02/how-to-tax-the-...