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Why oh why is it always "the family farm"? At this point, that deserves its own named fallacy. Fine, let's make the first $10 million tax exempt. Or is the hypo
by paledot 6y ago
Why oh why is it always "the family farm"? At this point, that deserves its own named fallacy. Fine, let's make the first $10 million tax exempt. Or is the hypothetical "family farm" a family farm like Johnson & Johnson is a family company?
Of course, the reason that fallacy exists is because it works. Every argument against increased progressive taxation has been extensively focus-group tested, of course it works. But the need to consciously counter that messaging doesn't render the policy impractical.
- pandaman 6y ago>Why oh why is it always "the family farm"? Because when the income tax was introduced in 1913 it also was a small percentage of income only for the super rich (7% with the first 500K exempt, 1913's 500K was a bit more than 2020's 10M you suggested).