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The 70% Top Tax Rate, Explained With Potatoes - - Ufl Video Sharing.

The 70% top tax rate, explained with potatoes 1 day ago   03:47

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Vox
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Congresswoman Alexandria Ocasio-Cortez called for a 70 percent top tax rate on the super rich.

Start by watching our explainer on the marginal tax rate: https://ufl.ae/videow/LZxizKFTkbm

While it might seem like a radical idea, it's actually based on an economic theory that tries to make everyone as well-off as possible.

How can we make all citizens as well-off as possible? That's the simple question behind something call "optimal tax theory." It starts from this idea that, to a rich person, one dollar is worth almost nothing. Take away the dollar and he'll be just as well off as he was before. But that dollar is worth a lot to poor people. So, if the government wants to optimize the well-being of its citizens, it should tax that money from the rich and give it to the poor. But at a certain point, we can't keep taxing the rich more. To find out why, watch this video.

https://www.vox.com/policy-and-politics/2019/1/4/18168431/alexandria-ocasio-cortez-70-percent

https://www.vox.com/policy-and-politics/2019/1/7/18171927/alexandria-ocasio-cortez-60-minutes-trump-racist

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The 70% top tax rate, explained with potatoes 1 day ago   12:24

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