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J_RtheWriter's profile
j.r. leonard
j.r. leonard
j.r. leonard
@J_RtheWriter

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j.r. leonard

@J_RtheWriter

“We got some hats now, motherfuckers!”

Joined April 2018

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    1. Will Wilkinson  🌐‏Verified account @willwilkinson Jan 24
      • Report Tweet

      Will Wilkinson  🌐 Retweeted Patrick Ruffini

      Patrick's being dishonest, or offering dishonest talking points to spread disinformation. The only wealth the tax "wipes out" is its deadweight loss and compliance/enforcement costs. Otherwise, it's all still there. It's just that somebody else has it.https://twitter.com/PatrickRuffini/status/1088618891146919936 …

      Will Wilkinson  🌐 added,

      Patrick RuffiniVerified account @PatrickRuffini
      Don’t call Warren’s tax a 2% tax. Over 10 years it would wipe out 18% of wealth over $50M and over 50 years it would wipe out 64%. Over a billion dollars it would wipe out 27% over 10 years and 82% (!) over 50. And that’s not taking into account the returns on these assets.
      Show this thread
      9 replies 25 retweets 136 likes
      Show this thread
    2. Will Wilkinson  🌐‏Verified account @willwilkinson Jan 24
      • Report Tweet
      Replying to @AlanMCole

      What do you think it is? I have no clear idea.

      1 reply 0 retweets 1 like
    3. Lyman Expand the House Stone, AKA 石來民‏ @lymanstoneky Jan 24
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      Replying to @willwilkinson @AlanMCole

      Also I think "wiped out" is pretty fair: the money would almost certainly be used to finance transfer payments which will mostly go to consumption. So assets will be sold off for current consumption. Sounds like "wiped out" to me.

      1 reply 1 retweet 1 like
      j.r. leonard‏ @J_RtheWriter Jan 24
      • Report Tweet
      Replying to @lymanstoneky @willwilkinson @AlanMCole

      Saying that government transfers equals "wiping out" wealth is a bit like classifying any government spending as "investment." There's probably a smarter way to talk about both.

      9:19 PM - 24 Jan 2019
      0 replies 0 retweets 0 likes

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