.@WSJ Do you ever touch yourself late at night when you're lonely?
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@WSJ Given that they own 100% of the government & get every policy they want enacted, they should be paying much more. -
@hatingitmagzine@WSJ if you don't leave an incentive for someone to go out and take a risk in starting a business everything falls apart. -
@johnnyread7@WSJ incentive is one thing. Oligarchy is another. -
@hatingitmagzine Correct. I remember when the socialists here in England in the 70s had tax rate at 83%. Guess what-the brains left. -
@johnnyread7 Ok, 88% is too high. It's 40% in US. Below 50% tends to kill the middle class. -
@hatingitmagzine I know it's not totally conclusive but the Laffer curve is still relevant when it comes to optimum rates. -
@johnnyread7@hatingitmagzine Laffer curve is bunk economic theory. It was used to falsely justify Reaganomics. History has proven it wrong -
@hatingitmagzine The theory that the more you tax someone the less incentive there is to try earning more is a sound one though. - 8 more replies
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@johnnyread7@WSJ@igeldard How many %? -
@morvjn Subjective question. -
@johnnyread7 Not really, its a hard cold number. -
@morvjn As in how much of the income does someone earn? -
@johnnyread7 Exactly, how much of the total income. Would bet more than 80%.
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@WSJ You want something to complain about? Try living on Food Stamps and Social Security. Filet of Dog Food. Yummy. But low taxes.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ Not enough folks making $50k-$75k. If initial income distributions were more equitable, redistribution would be a moot point...Thanks. Twitter will use this to make your timeline better. UndoUndo
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