When Democrats talk about raising taxes on the rich, to my ears it sounds like revenge. It doesn't sound like economic policy. I have an obvious bias here, but so does everyone else who would be paying 80% of their income in taxes (including all types).
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It depends which alternative you mean to be fair, the discussions on this tend to be quite reductive. I don't subscribe to the theory that rich people are the enemy, but I also don't think wealth inequality should be left entirely to market forces.
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