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

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

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

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

It would crash the economy

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

no it wasn’t

The effective tax rate was 45%

then B->B would lose its buyers and collapse

THERE HAS NEVER BEEN AN INCOME TAX PAID OVER 45%

NEVER

@Neco2040

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

But yeah it would crash the economy

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

Not tax cuts

Tax hikes can slow a boom

But only if they’re done properly

They should be countered with tax cuts during recession

wut

@Leo (BillNyeLand)

Hi

Wdym

As in

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

Gtg again

Pce

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

Since you’re not letting the market act

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

It can only let the market work

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

It was 50% for most of Reagans' presidency

Around 50%, not sure what the exact amount was

@Neco2040 dude

Effective tax rate is the amount of tax really paid

Under Reagan it was around 20

Or less

She didn't propose a 70% effective tax rate

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

lol