What if your model takes into account the fact that if income taxes are high enough, startups stop happening? These economists tried it, and found the optimal tax rate is 29%. https://www8.gsb.columbia.edu/faculty-research/sites/faculty-research/files/finance/Macro%20Workshop/toptax.pdf …
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Replying to @paulg
When marginal tax rates were higher, the US put men on the moon, designed atomic bombs, commercial jets, ARPANet, the credit card, the transistor, communications satellites, LEDs, Hypertext, CDs. Technical innovation was financed more by the state/military vs private investors.
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Replying to @kimmaicutler @paulg
This is a strong point. Think that this is a good argument for not having very high marginal rate since a significant potion of innovation now comes from private investors?
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a rival superpower openly committed to ones annihilation tends to motivate a people — how does that apply here?
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who says that is not still the case? https://en.wikipedia.org/wiki/Foundations_of_Geopolitics … https://www.theatlantic.com/ideas/archive/2018/07/the-great-russian-disinformation-campaign/564032/ …
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i am talking about nazi germany, and a USSR that built dead hand and almost nuked the planet. let’s be serious. the threat of russian twitter bots is not getting us to mars.
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the book in that piece that David Frum, a conservative, reviewed is written by
@TimothyDSnyder, a scholar of Nazi Germany, Totalitarian Russia and the interregnum period between WWI and WWII who has written several books on the subject.https://books.google.com/books?id=OeMxDwAAQBAJ&lpg=PT340&ots=Gkho4T5X9N&dq=%22kiselev%20called%20information%20war%22&pg=PT229#v=onepage&q=%22kiselev%20called%20information%20war%22&f=false …2 replies 0 retweets 2 likes -
Replying to @kimmaicutler @micsolana and
If Nazi Germany was today, they would probably be doing Twitter bots though, no?
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I think that hypothetical question is not really the way to debate Michael (Mike?)
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Replying to @kimmaicutler @micsolana and
You're right. I actually have two competing opinions about this...
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