Then we could say we’ll finance a, say, 40% effective rate with a 70% marginal rate on the rich

You didn't get it dude

they had marginal tax rate at 90% yes

but they were *never paid*

to the point the effective tax rate was 45%

thats what effective tax rate means

@BaneOfThots

I agree

ye thats what I'm saying

I’m saying that AOC’s proposed marginal rate of 70% is significantly less than historical marginal rates up to 94%

yeah

I'm just saying if it were raised to 74% it would harm toe economy

70%

But likely not to the degree that 94% marginal did, which was fairly minimal

0%

Nobody disagreed with that. Like literally nobody.

abolish the govt

Infact income tax should be abolished

Why

It's theft

Not really

Okay ancap

Theft is only when the government lacks legal right

at least lowered

Legality doesn't define theft

Lowering is fine

It should be abolished because it's theft

Taxes should be low wherever possible

.define theft

it's involuntary and forecful

No define bot aw

It's like being mugged on the street

Give me your money or you'll be hurt

it's like that but with the gov

But the government, if it represents the will of society, is acting on behalf of society, meaning that your interactions with the rest of society should be subject to the rules they set on those interactions

wdym

If people elect a government to pass a law regulating income tax, then they agree to have you pay it when they give you a wage

No because democracy doesn't mean it's correct

It's two wolves and sheep voting for whats on dinner

That’s because the wolf-majority government is not representative of society; the sheep doesn’t want to be in that group and does not want any of the benefits it provides