General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLakeArenal
(28,817 posts)brooklynite
(94,502 posts)The "socialist" nations of Scandinavia have expansive safety net programs...and wealthy taxpayers.
LakeArenal
(28,817 posts)Just as Tax the Rich on AOCs butt at an extravagant event of rich people was.
Celerity
(43,327 posts)Hortensis
(58,785 posts)event/fundraiser. Most could do so with their loose change as they were also were among those who gained enormous increases in already significant wealth during the pandemic.
SYFROYH
(34,169 posts)LakeArenal
(28,817 posts)Omnipresent
(5,706 posts)Its part of the Hope of Billionaires applying themselves to hard work and someday achieving the American dream of becoming Trillionaires!!
Tomconroy
(7,611 posts)Find the rich to tax.
mahatmakanejeeves
(57,399 posts)Marius25
(3,213 posts)brooklynite
(94,502 posts)This is NYC.
mahatmakanejeeves
(57,399 posts)I don't know if this is a fundraiser for AOC, or the ASPCA, or ASCAP, or what.
brooklynite
(94,502 posts)The Met Gala, formally called the Costume Institute Gala or the Costume Institute Benefit and also known as the Met Ball, is an annual fundraising gala for the benefit of the Metropolitan Museum of Art's Costume Institute in New York City. It marks the opening of the Costume Institute's annual fashion exhibit.[4] Each year's event celebrates the theme of that year's Costume Institute exhibition, and the exhibition sets the tone for the formal dress of the night, since guests are expected to choose their fashion to match the theme of the exhibit.
https://en.wikipedia.org/wiki/Met_Gala
Tomconroy
(7,611 posts)Metropolitan Museum of Art. It's run (I believe) by Anna Wintour, the editor of Vogue and the inspiration for the book and movie 'The Devil Wears Prada'.
I guess I'm just surprised. I am sure it's fun for her.
It used to be a society thing. Now it's more of a celebrity thing.
Sgent
(5,857 posts)a congresswoman from NYC, although she would probably get in under either category.
Dorian Gray
(13,493 posts)for the Metropolitan Museum of Art. Hardest ticket in town to get. You can't even just be a huge ass donor to get in. You have to be cool and Anna Wintour has to personally approve you. Lots of famous people aren't even allowed to bring their less famous spouses when they're invited.
I have a friend who snagged an invite a couple of years ago.... and no her spouse wasn't allowed to go.
Bettie
(16,089 posts)that they were not taxed at all, let the peasants pay for everything, seems to be the rallying cry.
And yet, there are more of us (the not-rich) than there are of the wealthy and obsecnely wealthy.
And most of the not-rich don't mind there being people who are wealthy, but we'd like to see some of the money go through a few more hands before it gets to the top. You know, maybe they could stop kicking those on the lower rungs of the metaphorical ladder.
joetheman
(1,450 posts)Into the lions' den.
brooklynite
(94,502 posts)...rather that making a symbolic statement that won't change any opinions?
mahatmakanejeeves
(57,399 posts)Dorian Gray
(13,493 posts)she and Elon Musk are having a laugh together right now.
fishwax
(29,149 posts)sheshe2
(83,746 posts)Yes, it is a fundraiser for the MET. How much food could one ticket buy for starving children?
JustAnotherGen
(31,811 posts)https://nypost.com/2021/09/13/aoc-wears-tax-the-rich-dress-to-met-gala/
Brother Vellies is the maker - they are a subscription shoe service.
sheshe2
(83,746 posts)Thanks for the link.
BlueLucy
(1,609 posts)Why would a person who promotes socialism go to such an event?!
I would also like to know who paid for the ticket and gown. I think we all deserve an answer.
LakeArenal
(28,817 posts)They have been friends for years.
The dress is going back to the designer as many high rent gowns go.
Red Mountain
(1,731 posts)It's enough in my opinion that she took the opportunity to promote her message.
I don't think that going has exposed her as a hypocrite or diminished her message.
The rich are going to have to agree to be taxed at some point. That's the way our system works at the moment.
The rich control the taxes. They buy the representation they want.
She doesn't seem bought, so far.
sheshe2
(83,746 posts)If they paid for them that is wasteful spending, 70K, that could have helped the homeless and starving in NY and other states after Ida.
Now, if you tell me they were gifted...then that is an ethics issue.
I want the rich taxed as well, I don't believe she is going about this the right way. Here is an idea, she has her own brand of sweatshirts that have the same message printed on them. She could have handed them out to volunteers to wear as they handed out food and supplies to Ida's needy. That would have been a great message, for her, the people and her mission.
Dorian Gray
(13,493 posts)just like every other politician, despite what they say their values are!
FreeState
(10,570 posts)lapucelle
(18,252 posts)https://www.newsweek.com/alexandria-ocasio-cortez-gets-mixed-reviews-tax-rich-dress-worn-met-gala-1628719
Maybe that's what the representative from NY-14 meant when she said in her red carpet interview that she was "partnered" with Aurora James.
Do sitting members of the House of Representatives routinely accept things of value (i.e. a $30,000 Met Gala ticket) in exchange for promoting products?
NurseJackie
(42,862 posts)... maybe someone more knowledgeable on matters like that can share their brain power.
betsuni
(25,472 posts)NurseJackie
(42,862 posts)Celerity
(43,327 posts)NurseJackie
(42,862 posts)I, too, was "asking for a friend".
lapucelle
(18,252 posts)I know in 2019 she went to the gala to promote the FDNY Burn Center.
https://maloney.house.gov/media-center/in-the-news/dem-lawmaker-wears-firefighter-jacket-at-met-gala-to-tout-support-for-911
betsuni
(25,472 posts)NurseJackie
(42,862 posts)... a nerve has been touched.
Treefrog
(4,170 posts)Nixie
(16,950 posts)but you keep posting this picture. The woman in your picture hasnt invested in promoting a political brand like AOC has done. Maloney hasnt made herself a moral authority on the actions and worthiness of rich people. So Maloney has no hypocrisy taint about her being there.
FreeState
(10,570 posts)Partnered is this case is she was a co-designer of the dress (an artist at the event):
https://www.cosmopolitan.com/style-beauty/fashion/a37582578/aoc-tax-the-rich-met-gala-dress/
AOC worked with James on the design, and she spoke to Ilana Glazer on the Vogue livestream about the experience: "We really started having a conversation about what it means to be working class women of color at the Met. We said we can't just play along, we need to break the fourth wall and challenge some of the institutions. While the Met is known for its spectacle, we should have a conversation about it."
James is known for creating the 15 Percent Pledge, a call to retailers everywhere to dedicate 15 percent of shelf-space to Black-owned businesses, brands, and designers. Stores like Sephora, Macy's, and Gap have already committed to the important initiative, and because of her activism it makes total sense that the designer and Ocasio-Cortez partnered up to make a political statement at the Met Gala.
lapucelle
(18,252 posts)The Met Gala ( i.e. Anna Wintour) pairs celebrities with brands to promote the celebrity, the brand, and the event. That's why the sophomore congresswoman and Aurora James walked the red carpet together.
https://www.newsweek.com/alexandria-ocasio-cortez-gets-mixed-reviews-tax-rich-dress-worn-met-gala-1628719
********************************************************
While the dress derives major elements of it's design to the 1954 Dior classic, it's unclear exactly where this particular dress came from, given that Aurora James designs, manufactures, and sells exotic skin footwear and purses, and Brother Vellies does not have a clothing line.
********************************************************
Brother Vellies is a very successful business, having survived a harrowing delay in shipment of ostrich skin due to a transportation strike it's very first year in business.
We ended up having to get a helicopter to fly this ostrich to where we needed it, she laughed.
https://www.businessoffashion.com/articles/sustainability/brother-vellies-makes-shoes-conscience
*******************************************************
Vellie shoes have a long and interesting history, and in the US are commonly called chukka boots.
The name comes from Afrikaans vel ("skin" ), later assimilated with veld ("field" ), and skoene ("shoes" ). They were first made in the 17th century by the first Dutch settlers in South Africa. Their design is believed to be based on the traditional Khoisan footwear observed by these settlers. The footwear was later embedded into the Afrikaaner psyche when velskoene were used as the footwear of the Great Trek.
https://en.wikipedia.org/wiki/Veldskoen
******************************************************
Fashion is a funny thing:
One of the most iconic producers of veldskoene (pronounced felt-skooneh), African Leather Creations, has been making the shoes from a small town on Namibias coast for more than fifty years. The company got its start when Ewald Schier moved to Namibia from Germany and opened a tannery in 1938. Surrounded by farms, open veld, and endless desert, Schier knew his customers needed a durable, comfortable shoe. While a type of veldskoen was already worn in the region, Schier was one of the first commercial producers to choose the shoes now iconic soft kudu hide as the most flexible and durable material.
snip==============================================
snip===============================================
snip===============================================
Were not reinventing the shoe, we make a simple, basic affordable shoe for every man and woman, Schier says. If people want to buy the shoes somewhere else, they can, but with us, theyre buying a story.
https://qz.com/quartzy/1374719/a-shoe-worn-by-namibian-farmers-has-become-a-hipster-must-have-in-the-worlds-fashion-capitals/
******************************************************
Canadian-born, Brooklyn transplant Aurora James' version of the "basic, simple, affordable" shoe starts at $265. Don't wait for a sale, though. Apparently profit margin is non-negotiable.
https://brothervellies.com/pages/sustainability
betsuni
(25,472 posts)Raine
(30,540 posts)wearing a dress saying "tax the rich" makes perfect sense ... not.
betsuni
(25,472 posts)George II
(67,782 posts)I have no clue who thought this was a good idea. I want to know how this was paid for.
tonedevil
(3,022 posts)Six days before the Passover, Jesus came to Bethany, where Lazarus lived, whom Jesus had raised from the dead. Here a dinner was given in Jesus' honor. Martha served, while Lazarus was among those reclining at the table with him. Then Mary took about a pint of pure nard, an expensive perfume; she poured it on Jesus' feet and wiped his feet with her hair. And the house was filled with the fragrance of the perfume. But one of his disciples, Judas Iscariot, who was later to betray him, objected, "Why wasn't this perfume sold and the money given to the poor? It was worth a year's wages." He did not say this because he cared about the poor but because he was a thief; as keeper of the money bag, he used to help himself to what was put into it. "Leave her alone," Jesus replied. "It was intended that she should save this perfume for the day of my burial. You will always have the poor among you, but you will not always have me."
mcar
(42,302 posts)I always thought Judas had a point and never read that part about him skimming. Which Bible did you get that from?
Emrys
(7,233 posts)mcar
(42,302 posts)tonedevil
(3,022 posts)it was the first hit for me searching on Jesus oil. I don't know that I had heard about Judas being a thief, but I didn't agree with his statement anyway. AOC isn't Jesus she's just being criticized in what I consider a ridiculous manor similar to that particular fable.
lapucelle
(18,252 posts)are "working class women".
Representatives earn $174,000 a year.
Aurora James founded and is the creative director of Brother Vellies.
https://www.crainsnewyork.com/awards/40-under-40-2019-aurora-james
https://rocketreach.co/brother-vellies-profile_b447d0dffac5629c
sheshe2
(83,746 posts)Working class? She is not working class @175K and buys a 30K ticket to the Met Gala wearing a 10K (my guess) dress.
tritsofme
(17,376 posts)I believe that would be perfectly legal.
If donors want to pay for her to party with the 1%, I guess that is their prerogative.
George II
(67,782 posts)tritsofme
(17,376 posts)The $30k cost of ticket was technically a charitable contribution, for which I believe campaign funds can be used.
Sgent
(5,857 posts)perhaps $200-$500 of the ticket is for personal benefit, which would have to be paid out of personal funds. The rest could be from campaign contributions per my understanding.
All charities fundraisers have to give out the amount going to the charity vs the cost to everyone who buys a ticket because the same rule applies for tax deductions.
Nixie
(16,950 posts)Most people have some kind of service type job while going through college, so is that what she is referring to
? A college job is hardly a working class label.
She comes from an educated family and background and she attended an elite university and now she makes almost $200/grand a year. Maybe she has to stick to the brand building script..? Its confusing.
betsuni
(25,472 posts)FreeState
(10,570 posts)One things missing from that quote - where either of these women identify as middle class.
George II
(67,782 posts)FreeState
(10,570 posts)Sorry about my typo but the point remains.
JustAnotherGen
(31,811 posts)And what they wore:
https://www.insider.com/met-gala-fashion-politicians-outfits-2021-9
Secretary of State Clinton, Carolyn Mahoney, 45, and Bloomberg are on the list.
45 and Bloomberg are on on the list multiple times - wearing the same thing over and over again.
lapucelle
(18,252 posts)Current and former first ladies Laura Bush and Hillary Clinton were both there. (HRC was a senator at the time). The Kennedy and Shriver families (including Senator Ted Kennedy) were there as well. Caroline Kennedy Schlossberg attended along with her aunt Lee Radziwill.
Carolyn Maloney (who seems to enjoy the "costume" element of The Costume Institute) showed up in 2019 in an FDNY-themed turnout coat and matching gown to raise awareness for The Burn Center and the pending 9/11 bill.
LakeArenal
(28,817 posts)Especially the Congresswoman in fire dept gear representing first responders in a Bill she had written.
AOC is not the first to wear a current topic
Message to the world. Not just rich people.
Im not even a fan. I still resent her Establishment Democrats crap.
JustAnotherGen
(31,811 posts)Last edited Tue Sep 14, 2021, 09:51 PM - Edit history (1)
I love that Mitt Romney wore a tux he bought at Amazon!
Response to lapucelle (Reply #23)
FreepFryer This message was self-deleted by its author.
sarcasmo
(23,968 posts)LakeArenal
(28,817 posts)Arazi
(6,829 posts)So I'm sure she didn't pay for that.
$30k to spread this message internationally is a pittance in advertising dollars. That picture has already MORE than paid for her ticket (if it wasn't a gift)
As always @AOC is a million miles ahead of the rest
George II
(67,782 posts)FreeState
(10,570 posts)George II
(67,782 posts)FreeState
(10,570 posts)Its wasnt a gift.
https://www.cosmopolitan.com/style-beauty/fashion/a37582578/aoc-tax-the-rich-met-gala-dress/
AOC worked with James on the design, and she spoke to Ilana Glazer on the Vogue livestream about the experience: "We really started having a conversation about what it means to be working class women of color at the Met. We said we can't just play along, we need to break the fourth wall and challenge some of the institutions. While the Met is known for its spectacle, we should have a conversation about it."
James is known for creating the 15 Percent Pledge, a call to retailers everywhere to dedicate 15 percent of shelf-space to Black-owned businesses, brands, and designers. Stores like Sephora, Macy's, and Gap have already committed to the important initiative, and because of her activism it makes total sense that the designer and Ocasio-Cortez partnered up to make a political statement at the Met Gala.
George II
(67,782 posts)FreeState
(10,570 posts)George II
(67,782 posts)tonedevil
(3,022 posts)Celerity
(43,327 posts)Is that a non-disclosed, over-the-limit gift?
tonedevil
(3,022 posts)Nixie
(16,950 posts)other Democrats arent serious. When you hobnob at $35,000/plate dinners to have your picture taken, then you cant be worried about the gifts after all, lololol.
Celerity
(43,327 posts)I have not seen you or the others fire up the old outrage Wurlitzer about:
Congresswoman Carolyn Maloney at the #MetGala
Link to tweet
PTWB
(4,131 posts)The so-called Democrats who bash her are so transparent.
Got to give those who hate her credit, they are a dedicated group; any thread that so much as mentions her is quickly swarmed by the bashers.
Nixie
(16,950 posts)know it. Tax the rich is a brand building slogan from a recently failed campaign so its tied to that.
Sympthsical
(9,072 posts)Voltaire2
(13,012 posts)traitorsgalore
(1,396 posts)Sure are a lot of people upset over taxing the rich too. I wonder why so many people on DU hate democrats? I thought that was not allowed. Oh well.
Response to traitorsgalore (Reply #48)
MrsCoffee This message was self-deleted by its author.
SYFROYH
(34,169 posts)Ill keep loving her.
ChubbyStar
(3,191 posts)This thread is hilarious!
Lancero
(3,003 posts)Wearing a garbage bag.
And even then, many of them would still complain that it's a Hefty garbage bag, rather than a cheap storebrand generic.
ChubbyStar
(3,191 posts)Some people are just never happy and many of them just can't stop yapping about it.
demmiblue
(36,841 posts)Probably the usual suspects with their manufactured outrage. AOC is a strong and outspoken young woman of color...
ChubbyStar
(3,191 posts)I am still laughing my ass off. The AOC threads are just confirmation that my ignore list is very valid. Nice to see you though.
triggering all the right people indeed
Hassin Bin Sober
(26,325 posts)Hortensis
(58,785 posts)people in and out of congress, as one of us put it above. Low goal. Irritation's for influencers on social media.
To me it's amusing, and nothing more, that a young socialist got to participate in one of the nation's most elite elite's fun social events and found a way to make a statement to her little donors that literally covered her ass.
Because the only thing that matters is her role in TAXING THE WEALTHY, INCREMENTALLY, UNTIL THEY HAVE TO SELL OFF THEIR ESTATES AND MOVE INTO THEIR GATEHOUSES. Mostly metaphorically speaking, but liberal Democratic voters of 80 years ago did that by electing enough liberal Democrats to control congress and the WH for long enough (12 years!). And those representatives literally taxed the very wealthy of those days out of their palaces.
We're once again committed to eliminating the new wannabe ruling classes RW powers have been creating (during a period when voters didn't give us the power to stop them). But we have to finally have ENOUGH POWER FOR LONG ENOUGH TO DO IT.
So when Ocasio-Cortez rallies young people to vote for the Democratic Party, she is fighting for wealth redistribution and taxing the wealthy. Anything that threatens to weaken our party, works against that goal.
Because we're the only ones who ever did and who will ever be able to do it. It's OUR job.
Eyes on the big goal, as Nancy describes below.
betsuni
(25,472 posts)SYFROYH
(34,169 posts)Im just glad that she does it so well.
Different congresspersons have different roles in attaining our goals. I see her role as vital to the present, and more importantly, the future.
Kid Berwyn
(14,876 posts)Spelled it out for the hard of feeling, too.
LakeArenal
(28,817 posts)FreepFryer
(7,077 posts)BeckyDem
(8,361 posts)bullwinkle428
(20,629 posts)COMPLETELY echoing AOC's message on her Gala dress!
Now, if DUers want to position themselves to the right of Joe Scarborough on this particular issue, I suppose they have the right to do so, but think about the big picture.
fescuerescue
(4,448 posts)To some degree.
At least everyone who earns money.
It's the least we all owe this country.
Celerity
(43,327 posts)Alabama
Georgia
Idaho
Indiana
Iowa
Kansas
Kentucky
Louisiana
Mississippi
New Hampshire
North Carolina
North Dakota
Oklahoma
Pennsylvania
South Carolina
Tennessee
Texas
Utah
Virginia
Wisconsin
Wyoming
need to pitch in more!!!!!
To some degree.
At least everyone who earns money.
It's the least we all owe this country.
fescuerescue
(4,448 posts)Well it's not JUST about that.
It's about US vs our children or grandchildren.
Our descendents will the ones living in poverty when our debts catch up to -them-.
We'll be happy in our graves.
Celerity
(43,327 posts)fescuerescue
(4,448 posts)I'm really talking about monetary policy.
But like most economic things, it all overlaps.
The bill will come due though. We will either pay it in taxes, standard of living, or inflation. Obviously those things are all over lapping.
Celerity
(43,327 posts)The total wage income for 2018 in the US was around $8.4 trillion, yet the total personal income was around $17.8 trillion.
IN 2020, total wages went up to $8.9 trillion, BUT total person income came close to £20 trillion (19.7). The ultra rich made out like like bandits, yet the average person sees little to no rise.
You have to tax the hell out of that non wage wealth income, including instructional financial turnover (quadrillions of dollars each year), accumulated wealth, and rentier income. That is all massively undertaxed.
Also, you need to MASSIVELY reduce the trillions wasted/extracted via the horrific for-profit US healthcare system, and trillions wasted on the gaping maw that is the US war/security/surveillance state.
Wealth inequality is running riot in the US and wealth equality is by far the number one most interlocked, overarching statistic that determines the overall well-being of a society. Nothing else is even close.
Voltaire2
(13,012 posts)We just put the cork in one of the largest debt vs gdp deficits in our history, and the bond market just yawned.
fescuerescue
(4,448 posts)Then by golly let's send everyone a check for $100k.
Obviously that's a strawman. Because we know that they do matter at some point.
When will it catch up? Never if don't outspend ourselves.
Voltaire2
(13,012 posts)What those limits are is a subject of debate, but we know that this theory that somehow we are going to have some bill come due 'down the road' is a myth. We have run substantial deficits almost every year since WWII started. That is now 80 years ago.
fescuerescue
(4,448 posts)That's my point.
Do you always trust the President and Congress to manage properly? No matter who it is?
We don't always win ya know.
Voltaire2
(13,012 posts)to balance the budget. That is nonsense.
fescuerescue
(4,448 posts)And that wasn't it.
Voltaire2
(13,012 posts)Here:
Really we need to raise taxes on everyone.
To some degree.
At least everyone who earns money.
It's the least we all owe this country.
Your original point.
fescuerescue
(4,448 posts)I do stand by my point that everyone needs to contribute. Everyone.
This isn't complicated.
Voltaire2
(13,012 posts)interesting. You specifically said raise taxes on everyone who earns money. Now you want to walk that back, understandably.
fescuerescue
(4,448 posts)If we are going to go in circles, that will save a little space on the server.
Celerity
(43,327 posts)need to pay up' posturing on here by some (not you of course)
This place becomes more and more reactionary and regressive each month on a multiplicity of levels. Maybe the AEI and Cato have started to fund it.
I would not be shocked to start seeing virtual shrines being erected for Pete Peterson, Milton Freidman, and Arthur Laffer.
fescuerescue
(4,448 posts)Postulated by Reagan and his goons?
Not you of course.
Celerity
(43,327 posts)Is the Laffer Curve Too Simple a Theory?
There are some fundamental problems with the Laffer Curvenotably that it is far too simplistic in its assumptions. First, that the optimal tax revenue-maximizing tax rate T* is unique and static, or at least stable. Second that the shape of the Laffer Curve, at least in the vicinity of the current tax rate and T* is known or even knowable to policymakers. Lastly, that maximizing or even increasing tax revenue is a desirable policy goal. In the first case, the existence and position of T* depend entirely on the shape of the Laffer Curve. The underlying concept of the Laffer Curve only requires that tax revenue be zero at 0% and at 100%, and positive in between. It says nothing about the specific shape of the curve at points in between 0% and 100% or the position of T*.
The shape of the actual Laffer Curve might be dramatically different from the simple, single peaked curve commonly depicted. If the curve has multiple peaks, flat spots, or discontinuities, then multiple T*s might exist. If the curve is skewed deeply to the left or right, T* might occur at extreme tax rates like 1% tax rate or a 99% tax rate, which might put tax revenue-maximizing policy into serious conflict with social equity or other policy goals. Furthermore, just as the basic concept does not necessarily imply a simply shaped curve, it does not imply that a Laffer Curve of any shape would be static. The Laffer Curve might easily shift and change shape over time, which would mean that to maximize revenue, or just avoid falling revenue, policymakers would have to constantly adjust tax rates.
This leads to the second criticism, that policymakers would be in practice unable to observe the shape of the Laffer Curve, the location of T*, whether multiple T*s exist, or whether and how the Laffer Curve might shift over time. The only thing policymakers can reliably observe is the current tax rate and associated revenue receipts (and past combinations of rates and revenue). Economists can guess what the shape might be, but only trial and error could actually reveal the true shape of the curve, and only at those tax rates that are actually implemented. Raising or lowering tax rates might move the rate toward T*, or it might not. Moreover, if the Laffer Curve has any shape other than the assumed simple, single peaked parabola, then tax revenue at points between the current tax rate and T* could have any range of values higher or lower than revenue at the current rate and the same or lower than T*. An increase in tax revenue after a rate change would not necessarily signal that the new rate is closer to T* (nor a decrease in revenue signal that it is further away). Even worse, because tax policy changes are made and applied over time, the shape of the Laffer Curve could shift; policymakers could never know if an increase in tax revenue in response to a tax rate change represented a movement along the Laffer Curve toward T*, or a shift in the Laffer Curve itself, with a new T*. Policymakers trying to reach T* would effectively be groping in the dark after a moving target.
Lastly, it is not clear on economic grounds that maximizing or increasing government revenue (by moving toward T* on the Laffer Curve) is even an appropriate goal for choosing tax rates. It might easily be the case that a government could meet the otherwise unmet needs of its citizens and provide any necessary public goods at some level of revenue lower than the maximum it can potentially extract from the economy, perhaps much lower depending on the position of T*. If so, then given the well-researched principal-agent problems, rent-seeking, and knowledge problems that arise with the politically driven allocation of resources, putting additional funds in public coffers beyond this socially optimal level might just produce additional unnecessary social costs, inefficiencies, and dead-weight losses. Maximizing government tax revenue by taxing at T* would also likely maximize these costs. A more appropriate goal might be to reach the minimum tax revenue necessary to achieve only those socially necessary policy goals, which would seem to be almost the exact opposite of the purpose of the Laffer Curve.
hunter
(38,310 posts)... so it makes sense they pay the most taxes.
Taxes should be steeply progressive. People living in poverty should pay little as a percentage of their income. Wealthy people should pay a high percentage of their income.
Personally, I think we should tax billionaires out of existence. For every honest humanitarian billionaire there's at least five rotten ones.
Celerity
(43,327 posts)Roughly: Behind Every Great Fortune There Is a Greater Crime
Honoré de Balzac
Le Père Goriot
Revue de Paris 1834
Zeitghost
(3,858 posts)Where is her mask?
obnoxiousdrunk
(2,910 posts)have a vaccine passport.
Voltaire2
(13,012 posts)She indeed was likely the only person not wearing a mask, but I haven't seen the pictures. Oh wait. Yes I have. Nobody was wearing a mask in their photo op pictures. All attendees had to be vaccinated. All attendees were required to wear masks indoors.
Zeitghost
(3,858 posts)Are enough to tell me not everyone was wearing a mask indoors. When you compare threads like this one and the Obama Birthday Party threads with threads like the recent one on a Las Vegas convention here attendees were posing for photos maskless, the responses seem to go from "it's not big deal" to "they all deserve to die and are responsible for the deaths of others by continuing to spread the disease".
Yes I used a bit of hyperbole for effect there, but I do find these different responses to be peculiar.
ChubbyStar
(3,191 posts)Sorry about that. I guess
Voltaire2
(13,012 posts)oh wait, outdoor photo op.
jalan48
(13,859 posts)WHITT
(2,868 posts)Phentex
(16,334 posts)and the type who can wear anything and still look gorgeous.