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talkpoliticsHey! I just figured out how to raise enough money to pay for single payer healthcare and free college for all. The parts of a healthy human body are estimated to be worth $45 Million. So let's say the are 1,000,000 families in America with seven or more kids, and some have 8, 9, or more kids. No one needs that many children. The marginal extra joy those parents get from each extra kid is negligible. So let's say we took one kid from every family with over six kids and sold their body parts for $45 Million each. That's $45 Trillion we could easily use to....
Wait... you have a problem with this? You don't like the idea of confiscating children?! You think that it may seem clinical and abstract to me, but to those parents it would mean a lot?
Well, that's how very rich people feel about 70% taxes on income over ten million dollars. To you it seems fair. To them it means something quite different.
Okay, I know I'm about to be excoriated below for what you'll dub a stupid analogy. Of course it's insane. But please focus on the point: you can say something is fair until it directly affects YOU. I'd love to see a high tax bracket on the ultra rich. But as soon as I see a tax proposal that puts ME in the "rich enough to over-tax" category, my hair stands on end.
I like what Ocasio-Cortez is trying to do. But America isn't going to start taxing people at 70% or 65% no matter what they earn. This isn't the Carter years or the Eisenhower administration. It's America in 2019, when they couldn't even reinstate a 39.6% top rate and corporate rates were just slashed by one-third. (Lots of wealthy people run their income through corporations.)
The US is simply not going to pass a 70% tax rate - or anything near it. Just like the US is not going to take away the right to bear arms or pass a government assured mandatory employment program. So Democrats should focus on what's realistic and doable. Better get real ASAP, and hopefully elect a president and a senate in 2020 that can get something good DONE.
Wait... you have a problem with this? You don't like the idea of confiscating children?! You think that it may seem clinical and abstract to me, but to those parents it would mean a lot?
Well, that's how very rich people feel about 70% taxes on income over ten million dollars. To you it seems fair. To them it means something quite different.
Okay, I know I'm about to be excoriated below for what you'll dub a stupid analogy. Of course it's insane. But please focus on the point: you can say something is fair until it directly affects YOU. I'd love to see a high tax bracket on the ultra rich. But as soon as I see a tax proposal that puts ME in the "rich enough to over-tax" category, my hair stands on end.
I like what Ocasio-Cortez is trying to do. But America isn't going to start taxing people at 70% or 65% no matter what they earn. This isn't the Carter years or the Eisenhower administration. It's America in 2019, when they couldn't even reinstate a 39.6% top rate and corporate rates were just slashed by one-third. (Lots of wealthy people run their income through corporations.)
The US is simply not going to pass a 70% tax rate - or anything near it. Just like the US is not going to take away the right to bear arms or pass a government assured mandatory employment program. So Democrats should focus on what's realistic and doable. Better get real ASAP, and hopefully elect a president and a senate in 2020 that can get something good DONE.
(no subject)
Date: 7/1/19 08:28 (UTC)(no subject)
Date: 7/1/19 08:28 (UTC)(no subject)
Date: 7/1/19 09:28 (UTC)(no subject)
Date: 7/1/19 14:39 (UTC)(no subject)
Date: 7/1/19 11:02 (UTC)Ocasio-Cortez is reminding us of the way things used to be before the right-wingers got their hooks into too many mechanisms of governance to sabotage them in the name of creating self-fulfilling "prophecies"...
(no subject)
Date: 7/1/19 11:24 (UTC)