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Maybe because he doesn't want to see people who are like him but with better luck (i.e. those who don't graduate into a recession) not get economically shot in
by dsfyu404ed 8y ago
Maybe because he doesn't want to see people who are like him but with better luck (i.e. those who don't graduate into a recession) not get economically shot in the kneecaps. Just because he didn't take full advantage of it (because luck) doesn't mean he wants to see the path closed to everyone else.
- throwaway5752 8y agoWhere to start 1) "Better luck" doesn't begin to describe making $500k/year. That's just extraordinarily wealthy and well into the top 1% in the US. It is even well into the top 10% in Manhattan and San Francisco. 2.) The last recession was over a decade ago. 3.) If 57% marginal rate is "shot in the kneecaps" in someone's mind, then there is a real problem of perspective. 4.) Decreasing wealth inequality levels the playing field for people not born into extraordinary wealth (see William Singer)
- awinder 8y agoit's 57% _on the amount made over 500K/1M/whatever_ to boot, so you're really talking about nominal taxation effects until you're like 4x whatever the income limit is on this mythical "new top bracket"