Over at Reason magazine, Ryan Bourne does a scholarly debunking of Rep. Ocasio-Horseface’s suggestion of a top marginal rate of 70% on “the rich”. Here’s an excerpt:
The idea that the value of rich people to the rest of society rests solely on their tax contributions… is bizarre. In fact, the risk that higher tax rates might deter entrepreneurial activity by reducing the future payoff to innovation should worry us greatly.
In language designed for ordinary citizens, that thesis actually leads to a question: what if rich people (and their expensive tax attorneys) resist the idea that they and their activities are simply money sheep waiting for the government to shear them?
And quite frankly, I have another, more relevant question. Why the fuck are we even giving any credence or time to anything that this Commie ingenue says?