Comments by "wvu05" (@wvu05) on "Rep. Ilhan Omar Endorses Bernie Sanders for President" video.

@chazmcgooski83 The effective rate for the richest 400 families was 47% in 1980, and 56% in 1960, and they did just fine, and the economy did just fine.
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@davidleomorley889 I am voting for Bernie, too. Mine was in response to the idea that Yang had a few good ideas but his signature idea is horrible. I thought the whole makes Milton Friedman and Charles Murray worse part would give it away ;-)
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@chazmcgooski83 It depends on what we are talking about. Can individuals build roads? Fund schools?
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@chazmcgooski83 So, you can build roads? Schools? Hospitals? Margaret Thatcher was wrong. Society is a thing.
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@davidleomorley889 He has some, but his signature idea takes Milton Friedman and Charles Murray and manages to make their plan worse by using a regressive tax to pay for it.
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@chazmcgooski83 The marginal rate matters a great deal. Supply side theory has long stated that the top marginal rates affect job growth and the economy. The marginal rate now is 37% (with the effective rate being 23%). I think once you add everything up, Bernie is proposing a top marginal rate of 64%, which is still lower than any time between 1936 and 1980. Yes, some people seem to confuse marginal and effective, but a top marginal tax rate of 64% would probably lead to an effective rate of about 40%. That is certainly better than what we see now, where the effective rate for the richest 400 families is lower than the bottom 50%.
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