(01-05-2019 05:20 PM)RiceLad15 Wrote:  

(01-05-2019 02:47 PM)OptimisticOwl Wrote:  

(01-05-2019 11:52 AM)RiceLad15 Wrote:  

(01-05-2019 10:39 AM)OptimisticOwl Wrote:  

(01-05-2019 01:43 AM)RiceLad15 Wrote:  You’re right, history has shown us that a marginal tax rate that high would never allow an economy to flourish and it would immediately spell doom and gloom!

You miss the point entirely once more, Lad, either that or this is you defending her plan.

You don’t have to embrace everything she says just because she isa D.

How did I miss the point entirely? Your point was that you think it’s an idiotic economic theory (by sarcastically using the word brilliant), and I pointed out that there is historical evidence to suggest that a high marginal tax rate isn’t idiotic economic theory.

Now the entire tax plan can’t be raise the highest marginal rate to X%. But suggesting that it return to pre-1980 levels in and of itself doesn’t seem idiotic.

The plan in its entirety is unworkable and a dream. The marginal tax rates are only a part of the house of cards.

But, to tax rates, I am sure your seventh grade math teacher brought up the concept of apples and oranges.

Those earlier high marginal rates enjoyed tons of deductions (tax breaks for the rich) that are not there in AOC's plan. So apples to oranges.

Three words. EFFECTIVE. TAX. RATE.

But there are other logical inconsistencies - she wants a fossil fuel free America in 12 years. I guess when all those oil barons go out of business they will keep on paying their 70%, to help her out. But it's not just the oil barons. How many employees does Exxon-Mobil have? All out of work, as are the oil field workers and support staff and pipeline employees and service station workers and a lot of mechanics, and...

I wonder if she plans to shut down all those coal-fired and natural gas fired producers of electricity and depend 100% on solar.

But never mind. It is a beautiful dream, a fossil fuel free america with crystal air and butterflies. I think I saw it in a Disney movie. And all paid for by those guys making, like ten million a year.

This is what you are defending, Lad. The pipe dreams of an idealistic 29 year old who doesn't understand the real world.

I wonder what legislation she will propose to keep those anti-environmental cows from farting greenhouse gases. Biodegradable cow diapers? Eliminating greenhouse gas emissions from agriculture is part of her plan, too.

You know oil is used for a lot more than just energy, right? And you know Exxon-Mobil has diversified its operations, right?

Why should energy policy be hamstrung because an industry may need to change, right?

I have 0 problem defending a policy that whole-heartedly supports and pushes emerging energy technologies that are cleaner and more sustainable. Competition is good.

You just went full Ocasio-Cortez. I didn't think that could happen. I guess the pressure to defend the D was too much.