The only people who oppose this are multi-millionaires and every conservative who’s sure he’s one lottery ticket away from becoming one.
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and Trump's simple base that fails to understand the concept of marginal tax rates...
#JoeThePlumber - End of conversation
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Deliberately misleading from
@politico. She's talking about the "tippy top" marginal tax rate, not the overall tax rate. That top marginal rate was 92% during the Eisenhower years, when the middle class was strongest.pic.twitter.com/IbsNoEZbd4
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1 in 100 in the general population are psychopaths compared to 1 in 5 (low estimate) in positions of power. Psychopaths lack self control. Tax everything over a million at 100%.https://www.telegraph.co.uk/news/2016/09/13/1-in-5-ceos-are-psychopaths-australian-study-finds/ …
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That’s why they get the big bucks. I always laugh when someone scoffs at the idea people like Hillary Clinton are likely sociopaths. People who don’t care if other humans have basic things like health insurance are running this country. They sleep fine at night
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It's a scary thought for most, takes time to accept.
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I know... it’s terrifying to face what’s happening. But there’s a certain amount of choice involved. The desire to stay in a safe little bubble of comfort at the cost of the people’s lives is starting to get on my nerves.
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That's a great sign. Refusal to accept what's going on is how we defeat it.
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For idiots who don’t read the article - here’s what a progressive tax rate is. It’s not 60-70% of total income:pic.twitter.com/eyJNj4aNIF
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In the 1950’s under Eisenhower marginal tax rate of 90% applied to income over $400,000 (highest tax bracket-approximately $3-4 million today adjusted for inflation). It was reduced to 70% under Kennedy/Johnson.
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And Kennedy/Johnson were wrong to lower it. Just think of how well of our country would be.
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should be 100
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MYou could tax billionaires 100% of future earnings and they'd STILL be BILLIONaires... with BILLIONS
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MARGINAL rate AFTER 10 million dollars in earnings. Correct your headline!
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Weird how media keeps accidentally omitting that the rate would only kick in on your tenth million dollar and thus won’t affect the net income of middle or working class Americans.
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...which is significantly less than it was during Eisenhower's "golden age". What's your point?
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I suggest looking up "effective tax rates", study economics and stop being naive.
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Economic theory vs. practice. Has the tricking down started yet? Stop being native.
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"Tricking down" isn't even a concept in economics, trickling down is an idea used by people who doesn't now shit, salaries went up by 3% in the latest job report, reality isn't in your favor.
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