I’m trying not to be a *complete* capitalist shill but Vox, you are testing me https://www.google.com/amp/s/www.vox.com/platform/amp/policy-and-politics/2019/1/4/18168431/alexandria-ocasio-cortez-70-percent …
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50-60% rate starting at much lower income (Ireland is a European tech hub and 52% starts at €34k) with 20%+ sales tax is very common in Western countries. Is that better or worse than 70% for incomes over eg. $10 million?
Ireland may be a "tech hub," but it has a very tough time keeping innovators at home (as does much of the rest of Europe). https://twitter.com/sknthla/status/1070031703421333504 …
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This is a pretty narrow slice of all the possible effects of a change for the top marginal tax bracket. But let's zoom waaay out: should policy (including taxation) be based primarily on ideology or evidence? Serious non-gotcha question.
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Agree. My key claims are that (a) economic policy outcome predictions broadly have a poor track record & the evidentiary value of modeling there is often illusory & (b) recent tech has created an absolute explosion of possible moves for actors, further increasing the difficulty
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