AOC: "don’t let your labor get stolen!"
Also AOC: tax rates should rise to 60-70% as your income rises.
https://twitter.com/AOC/status/1191026154918072322 …
Doesn't that reduce all consumption including needed investment into material things? For example, in the UK I would pay VAT on extending a house. That makes it much more expensive, and if it's too expensive then the smarter thing is to put the money into stocks and shares.
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On the wealth Tax: https://ofdollarsanddata.com/are-wealth-taxes-a-good-idea/ … Comparison with VAT: https://www.nytimes.com/2019/09/27/business/yang-warren-taxes-mankiw.html … It's strange to see the wealth tax fail in so many countries, yet still be proposed today in the US as something that will solve inequality. That's why I'd love to hear your thoughts on VAT!
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Quick Daylight Savings tip: if you worked a late shift last night when the clocks rolled back & had to work an extra hour, make sure you check your paystub this week and get paid for it!
Computers sometimes miss it. Make sure you get paid - don’t let your labor get stolen!