Joe Doakes from Como Park emails:
The New Hotness wants higher income tax rates. The Left says it’s sensible and there’s historical precedent.
The trouble with historical precedent is picking the right precedent. College students who drink until they vomit could point to Rome, the pinnacle of civilization at the time, where vomitoria were provided in public entertainment venues. So that makes it alright? No.
Similarly, picking a time when America was the world economic superpower and capital investment had nowhere else to go, doesn’t mean that high earners today would find their wages captured by higher tax rates. Rich people are rich, they’re not stupid. They can move to low-tax venues. They can shelter their incomes. They can lobby for loopholes that only they can afford.
The only way to ensure that everybody pays their “fair share” is to fully embrace Communism: from each according to his ability, to each according to his need. But getting ordinary people into that mental state will require a period of socialization, during which the recalcitrant, deplorable, bitter clingers are identified and sent for re-education in the far North, or sent to farm the land by hand, or buried in mass graves. And who will decide who lives and who dies?
But the fact that it used to be the status quo back when the US was the world’s only functional economy (with ample tax shelters provided for the fabulously wealthy, like Ocasio Cortez’s benefactors) makes it “moderate”, to Big Left.