no sane person entertains a 90 percent wealth tax if they believe it will one day touch them. so for the left to convince us these taxes are necessary, they must also convince us we will never be wealthy. the problem: such truth is effective. what you believe is what you become.
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class mobility is already difficult. my mother ran away from the projects at 16 with *nothing* but the belief, enshrined in our american story — the american dream — that if she worked hard she would rise. and she did.
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without the belief that one is master of her own life, the wealthy mostly just become annoying to talk to — trust fund babies forever apologizing for their meaningless existence. but the poor are doomed.
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the american dream must be fought for. it must be argued, expanded, amplified. but first, we must acknowledge it’s under attack. i’m here to tell you: it’s under attack.
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So there are no rich people in the Nordics? This whole line of argument is specious. The idea that the drive to achieve is only about money and magically deflated by tax policy is weird and ahistorical. Americans hustled hard in the first half of 20th c w similar rates. No?
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Marginal income tax != wealth tax.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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But that's true, right? The chances of getting rich are very low. It makes sense to vote based on the most likely outcome.
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can you elaborate on why it would do this?
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Especially given that it's a marginal rate... "show me a rich man and I'll show you a thief"
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