Nonsense. The top marginal tax rates in the US used to be much, much higher than they are today.
Re:Modeling a Wealth Tax
by darkerside on Tuesday August 18, 2020 @11:48AM
(#24200115)
It was not reflexive. Perhaps you misread my post.
My reading of the way the slope slips is that rates go up, not that the minimum threshold is lowered. This reflects historical tax law changes, political sensibilities, and basic economic theory. This was all in my original post as well, so I'm not sure it'll land this time, but I'm a bit offended that you have mischaracterized my post as reflexive, implying thoughtlessness, when I believe it was anything but.
My opinion restated, billionaires have more to fear from this than any of the rest of us do.
I have seen many instances of "slippery slope" fallacies actually happening. While I don't want to name specific examples, due to it getting into unnecessary politics, I am able to recall at least 3 BIG instances of it happening.
Re:Modeling a Wealth Tax
by darkerside on Tuesday August 18, 2020 @11:49AM
(#24200131)
A logical fallacy doesn't mean the claim is wrong, just that it doesn't logically follow. I think it's still worth pointing out when the claim is presented as fact.
The history of taxes in the US (and especially California--remember the "temporary" 13.3% highest marginal rate?) has more slippery slopes than 6 flags fiesta Texas. It's not fear mongering, its a very solid argument against new taxes.