the most dangerous thing about left wing normalization of a 70, 80, 90 percent wealth tax is the story it binds to the american psyche — you will never be rich.
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Couldn't agree more, my family were cuban refugees (back in the 60's) when they came to the US, my grandfather became a janitor as he couldn't practice medicine (his profession) when he first came over, decades later, he became head of the ER at 4 different hospitals
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Inspirational story! When did your dad become the a head of ER? In the 80s, when the top marginal tax rate was 70% for earners over $650k (in today's dollars)? Do you think he had an eye on the top marginal tax rate when pushing his career forward like that? My bet is no.
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I think your causal reasoning is backward. No one from either party would be speaking about these ideas if data wasn't showing that upward economic mobility is declining, (and also lower than other countries w/ larger welfare states) https://www.brookings.edu/blog/social-mobility-memos/2018/01/11/raj-chetty-in-14-charts-big-findings-on-opportunity-and-mobility-we-should-know/ …pic.twitter.com/mX35nHHKea
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Will check this out. I recommend this if you have seen it already : https://link.medium.com/EUIY5qZTeT
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Mike, this thread is lovely
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I think you'll appreciate this: https://www.economist.com/leaders/2018/09/13/a-manifesto-for-renewing-liberalism …
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Perhaps you are being a wee bit over reactive here. Maybe we can find compromises. We truly need to talk to each other these days and find middle ground if the country is going to survive. Compromise is not a dirty word.
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on the bright side, we finally quantified wtf fair share means
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what if i want a different dream? :(
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Under attack? True, if a tax bill like that would pass. How likely do you think that is based on historical data?
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