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    New York Magazine‏Verified account @NYMag 14h14 hours ago

    Alexandria Ocasio-Cortez’s 70 percent top tax rate is a moderate, evidence-based policy. @EricLevitz writeshttps://nym.ag/2CPBKLO 

    1:06 pm - 4 Jan 2019
    • 3,350 Retweets
    • 15,768 Likes
    • Keith Flores Kori Luis Camacho Ivriniel Alan Wu Kamille Bidan ☭🏴🤷‍♂️ hv X1X 2019 R.
    1,223 replies . 3,350 retweets 15,768 likes
      1. New conversation
      2. Steve‏ @mytbbucs 13h13 hours ago
        Replying to @NYMag @EricLevitz

        People like Bill Gates do wonderful things with their money. Why do you think taking it away from them and giving it do our government is a great idea. I don't get it.

        48 replies . 10 retweets 241 likes
      3. Damothedevo‏ @Damothedevo 12h12 hours ago
        Replying to @mytbbucs @NYMag @EricLevitz

        Betsy devos bought 11 yachts, now that i don't get.

        37 replies . 5 retweets 225 likes
      4. WallSt‏ @WallStXyz 12h12 hours ago
        Replying to @Damothedevo @mytbbucs and

        Someone had to build them, someone sold them. They paid a tax on each purchase. The government collected their cut every step of the way.

        7 replies . 0 retweets 212 likes
      5. Damothedevo‏ @Damothedevo 12h12 hours ago
        Replying to @WallStXyz @mytbbucs and

        She has them in foreign waters to avoid tax. Just saying, a few people do good like gates, most buy another yacht.

        31 replies . 3 retweets 177 likes
      6. WallSt‏ @WallStXyz 11h11 hours ago
        Replying to @Damothedevo @mytbbucs and

        Which proves my point, the more you tax people the more they will look for ways to avoid the taxes. Better to have lower taxes/flat tax

        6 replies . 3 retweets 112 likes
      7. Damothedevo‏ @Damothedevo 11h11 hours ago
        Replying to @WallStXyz @mytbbucs and

        They are already avoiding all they can, maybe they'll bribe some more in government to change more rules.

        4 replies . 1 retweet 42 likes
      8. WallSt‏ @WallStXyz 10h10 hours ago
        Replying to @Damothedevo @mytbbucs and

        As taxes rates go lower, tax avoidance decreases since the incentive to avoid taxes is just not worth the risks. Since they cut the corporate taxes, how many companies have you heard of moving their HQ overseas? Zero.

        10 replies . 2 retweets 86 likes
      9. Ramses The Bagel‏ @Discus4lyfe 10h10 hours ago
        Replying to @WallStXyz @Damothedevo and

        You’re thinking theoretically. Sure, reducing taxes SHOULD incentivize the rich not to outsource jobs, but it doesn’t...

        3 replies . 1 retweet 23 likes
      10. 10 more replies
      1. New conversation
      2. Jim Saunders‏ @Jim_Saunders_84 13h13 hours ago
        Replying to @NYMag @AOC @EricLevitz

        What is rarely reported well is that the top rate is on “earnings over x amount.” It’s not nearly 70% of all earnings; a misunderstanding that many are all to glad to use politically.

        9 replies . 8 retweets 151 likes
      3. Chanel Maronge‏ @veelachanel 12h12 hours ago
        Replying to @Jim_Saunders_84 @NYMag and

        She actually said this in the interview, that it wouldnt be that rate on all the money

        3 replies . 1 retweet 37 likes
      4. KPB‏ @kpb1337 11h11 hours ago
        Replying to @veelachanel @Jim_Saunders_84 and

        Correct. Everyone pays the same rate up to X, then an increased rate on earnings above that up to Y...etc

        4 replies . 0 retweets 10 likes
      5. Abe Woodhull  🇺🇸‏ @LibertyLover70 11h11 hours ago
        Replying to @kpb1337 @veelachanel and

        So, you want to disincentivize people from having the initiative to make more money, because the more they make, the more you take?

        10 replies . 0 retweets 60 likes
      6. Abhishek Harge‏ @HargeAbhishek 9h9 hours ago
        Replying to @LibertyLover70 @kpb1337 and

        That's not how this works. If you make 50,000 and your co-worker makes 100,000, you and your co-worker would be paying the same amount of on the first 50,000. Your co-worker will then be charged on the higher bracket on the rest of the 50,000. Not all of it.

        1 reply . 0 retweets 7 likes
      7. Brandon Tatum‏ @TCFP_Delts 9h9 hours ago
        Replying to @HargeAbhishek @LibertyLover70 and

        Okay, but WHY. 20% of 100k is still greater, in fact double, than 20% of 50k. Why the need to step up the bracket, too? They’re already paying twice as much if they make twice as much. We get how it works; we just think it’s stupid.

        2 replies . 0 retweets 8 likes
      8. KPB‏ @kpb1337 9h9 hours ago
        Replying to @TCFP_Delts @HargeAbhishek and

        I don't think you understand

        1 reply . 0 retweets 9 likes
      9. Brandon Tatum‏ @TCFP_Delts 8h8 hours ago
        Replying to @kpb1337 @HargeAbhishek and

        Oh no, I do understand. My argument here is that people making exponentially more, still pay exponentially more, even under a flat tax. Hiking up the percent in the name of “paying their fair share” isn’t necessary.

        2 replies . 0 retweets 4 likes
      10. 4 more replies
      1. New conversation
      2. Danny Fishman‏ @Dannyfishman1 13h13 hours ago
        Replying to @NYMag @AOC @EricLevitz

        it can also be 100% as no one will stay in N.Y to pay it ... "The problem with socialism is that eventually you run out of other people's money" Margaret Thatcher

        45 replies . 37 retweets 487 likes
      3. David Weinstein‏ @WeinsteinCPA 11h11 hours ago
        Replying to @Dannyfishman1 @NYMag and

        If there was a 70% marginal tax rate, anybody who got to pay it would be lucky. If the marginal rate started at a 10 million dollars I’d pay the 70 cents on every dollar after 10 million dollars.Thatcher, socialism have nothing to do with good economics

        8 replies . 0 retweets 68 likes
      4. David Weinstein‏ @WeinsteinCPA 11h11 hours ago
        Replying to @WeinsteinCPA @Dannyfishman1 and

        It’s good economics because it would distribute money hoarded by the super rich back into the economy so we could all prosper. Also investments would be more preferable than paying the higher tax rates. After tax IRR would be relevant!

        19 replies . 1 retweet 75 likes
      5. El Follarin Enmascarado‏ @TheRealFollarin 10h10 hours ago
        Replying to @WeinsteinCPA @Dannyfishman1 and

        I'm glad that you have used the term "hoarded" because it is what all this boils down to.

        4 replies . 0 retweets 23 likes
      6. Brian Holt‏ @BrianCHolt 8h8 hours ago
        Replying to @TheRealFollarin @WeinsteinCPA and

        It could be called a hoarding tax. I mean if after 1 mil in income you get 70% confiscated you’d be more likely to invest in business and startups and keep the money flowing out to the economy. Rather than hoard.

        3 replies . 0 retweets 27 likes
      7. El Follarin Enmascarado‏ @TheRealFollarin 8h8 hours ago
        Replying to @BrianCHolt @WeinsteinCPA and

        That money influx would serve as a relieve for the government from having to provide assistance to the small businesses.

        1 reply . 0 retweets 7 likes
      8. Darrel Harb‏ @HARBDARREL 7h7 hours ago
        Replying to @TheRealFollarin @BrianCHolt and

        This “hoarding” is 99% delusion. Very rich people spend a lot of money. What they don’t spend is invested. It’s not in mattresses. Punishing success is bad for everyone, though I get how it feels good to people who think of themselves as failures.

        2 replies . 0 retweets 13 likes
      9. El Follarin Enmascarado‏ @TheRealFollarin 6h6 hours ago
        Replying to @HARBDARREL @BrianCHolt and

        Thanks for the ad hominem and the lesson on economics.Being rigorous the money put in the bank is used for investments(sub primes among others) instead of filling vaults for bank managers to dive in a la Scrooge McDuck.We, inferior beings were meaning something less like a trust.

        1 reply . 0 retweets 5 likes
      10. 5 more replies

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