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The GOP lowered the corporate income tax from 35% to 22% to get it more in line with taxes on investment income, which is the tax most rich people pay.
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(((wildly rational expectations))) Retweeted
In Japan you can now get sleeping cats for your umbrella handles. https://japansauce.net/2019/01/05/japanese-person-develops-sleeping-cat-toys-for-umbrellas/ …pic.twitter.com/d5Ljjmugk5
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Let CBO do one of their simulations to see how much that would have to be. You could also ask the CRS to try and figure it out.
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See where I'm going with this? Instead of raising the *income* tax rate to 70%, accomplishing nothing, what would make more sense is to raise the *investment* tax enough to offset the revenue loss from lowering the corporate income tax.
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Anyway, my point is, if you raise the income tax to 70% on people earning more than $10 million, you won't accomplish anything, because people that wealthy get all their income from investment assets and pay the investment income tax rate, 20%.
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Although why then did lowering the tax rate from 35% to 22% result in the US treasury losing $1.5 trillion?
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The economic justification is that 35% is the highest in the world and you're just encouraging corporations to hide their money abroad, and then the US treasury doesn't see any of it.
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(((wildly rational expectations))) Retweeted
Hater famous for hating hates neighbors hating his hate:https://www.thedailybeast.com/gavin-mcinnes-writes-letters-to-neighbors-to-take-down-anti-hate-signs …
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(((wildly rational expectations))) Retweeted
Another federal employee: "I’m really pissed to not be working, but I will be even more pissed if the Dems cave and allow this tantrum to work. Would set a horrible precedent"
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(((wildly rational expectations))) Retweeted
don't worry, GOP, "impeach the motherfucker" is just lady locker room talk
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(((wildly rational expectations))) Retweeted
Mitch McConnell is unlikable. Lindsey Graham is shrill. John Cornyn is too ambitious. Rick Perry dances too much. Ted Cruz whines too much. Rand Paul has unrealistic ideas. Chuck Grassley lacks stamina. Paul Ryan should go home and take up knitting.
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I think Trump has earned the nickname motherfucker with his vile behavior over the last several years. Particularly since I'm technically unemployed right now because of his dishonesty. If he wants to be treated with respect, he has to earn it.
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(((wildly rational expectations))) Retweeted
I took that video of AOC dancing and turned it into an ad for Medicare For All with a catchy theme song.pic.twitter.com/PLO1WkgEID
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(((wildly rational expectations))) Retweeted
You know, I just don't think Bernie is very likable. And he needs to smile more.
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(((wildly rational expectations))) Retweeted
Thanks for highlighting. People can join Amnesty’s campaign to free Loujain al-Hathloul and her imprisoned colleagues here: Free Saudi women who fought for the right to drivehttps://www.amnesty.org.uk/actions/free-saudi-women-jailed-driving-protest#.XC3r9G66BM0.twitter …
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(((wildly rational expectations))) Retweeted
His first day on the job, reform DA in St. Louis County, Wesley Bell, fires prosecutor who presented Mike Brown case to grand jury, says he will no longer prosecute marijuana, will not seek death penalty, will not seek bail in misdemeanor cases.https://www.stltoday.com/news/national/new-st-louis-county-prosecutor-fires-some-staff/article_79178e04-4494-560a-8b69-7156384b4317.html …
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I *loved* Cerebus when I was a teenager. Church and State is a *masterpiece.* But he was also pschizophrenic. He had a lot of issues that made Cerebus awesome at first but it started to unravel around issue 75 or so.https://twitter.com/alexandraerin/status/1080361353938980864 …
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Two types of good energy.