Comments by "Jeremy Barlow" (@jeremybarlow2291) on "Meghan McCain Has Panic Attack After The View Begins Accepting Socialism" video.

  1. Anyone want to explain to any of these people that what happened when the top marginal tax rate was 90% was that companies privatized the gains on their income by immediately re-investing the excess profits into hiring more workers to sell and produce more goods, perform research and development, or provide more services so that they could create capital gains by growing their business and increasing its value, rather than pay taxes? If the government is going to take 91 cents of every dollar you make over X then essentially if you want to keep as much as you earned this year over that amount you need to grow your business 10x as large as it is today. But the government will let you re-invest those profits of raises to your work force, new hires and some non-capital expenditures equipment or research and development tax free, so that is what you do. That high marginal rate incentivizes innovation and economic growth. Any tax rate at the top end below 50% incentivizes stagnation and break ups of companies or other reorganizations that result in downsizing the workforce or reducing worker pay. The proof is in The pudding in our own economic history from 1941-1980 and 1980-2018.
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