Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ

Discord ID: 534857138363695135


2019-01-15 21:22:29 UTC  

Ignorance and awareness exist in every ideology. What matters is good and evil, truth and perversion, strength and weakness.

2019-01-15 21:36:03 UTC  

```Ocasio Cortez raising taxes to 70% would cause a crash
Not to mention it’s never been as high as she says
(90%)```

2019-01-15 21:36:32 UTC  

I'm not even in favor of a 70% tax rate, but it wouldn't crash the economy

2019-01-15 21:37:09 UTC  

And that's not true, the statutory rate was above 90%

2019-01-15 21:49:53 UTC  

It would crash the economy

2019-01-15 21:51:17 UTC  

with such a massive drop in available spending money, B->C companies would all have to pursue govt contracts, and most would get nothing and collapse

2019-01-15 21:51:20 UTC  

no it wasn’t

2019-01-15 21:51:25 UTC  

The effective tax rate was 45%

2019-01-15 21:51:31 UTC  

then B->B would lose its buyers and collapse

2019-01-15 21:51:42 UTC  

THERE HAS NEVER BEEN AN INCOME TAX PAID OVER 45%

2019-01-15 21:51:43 UTC  

NEVER

2019-01-15 21:51:48 UTC  
2019-01-15 21:51:59 UTC  

You must look at the effective tax rate paid, which is the highest ever being 45%

2019-01-15 21:53:45 UTC  

But yeah it would crash the economy

2019-01-15 21:54:04 UTC  

Tax hikes is what causes an economic crash or delays a pre existing recession

2019-01-15 21:54:14 UTC  

Not tax cuts

2019-01-15 22:10:32 UTC  

Tax hikes can slow a boom

2019-01-15 22:10:39 UTC  

But only if they’re done properly

2019-01-15 22:10:50 UTC  

They should be countered with tax cuts during recession

2019-01-15 22:11:05 UTC  

wut

2019-01-15 22:11:22 UTC  

Hi

2019-01-15 22:11:25 UTC  

Wdym

2019-01-15 22:11:33 UTC  

As in

2019-01-15 22:12:13 UTC  

Tax hikes can break a boom positive loop, whatever the cause, thereby deflating a bubble before it has the chance to become dangerous and big enough to bust

2019-01-15 22:12:55 UTC  

Gtg again

2019-01-15 22:12:59 UTC  

Pce

2019-01-15 22:13:16 UTC  

A tax hike would slow the boom but it would have the same effect on the bust but it would delay the recovery

2019-01-15 22:13:23 UTC  

Since you’re not letting the market act

2019-01-15 22:13:32 UTC  

A government can’t do anything to reduce the bust or recovery

2019-01-15 22:13:36 UTC  

It can only let the market work

2019-01-15 22:13:42 UTC  

That's literally a lie, we have had tax rates well above 45%

2019-01-15 22:13:55 UTC  

It was 50% for most of Reagans' presidency

2019-01-15 22:14:06 UTC  

Around 50%, not sure what the exact amount was

2019-01-15 22:15:37 UTC  
2019-01-15 22:15:47 UTC  

Effective tax rate is the amount of tax really paid

2019-01-15 22:15:52 UTC  

Under Reagan it was around 20

2019-01-15 22:15:55 UTC  

Or less

2019-01-15 22:17:18 UTC  

She didn't propose a 70% effective tax rate

2019-01-15 22:18:11 UTC  

Then what’s the point of having a 70% tax rate if it doesn’t even work

2019-01-15 22:18:12 UTC  

lol