Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (65) |
Author: albaby1 ✶❂🐝 GOLD
SHREWD
  😊 😞

Number: of 86257 
Subject: Re: JediPunishment France
Date: 09/29/26 1:18 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 11
You missed the question, so I'll ask it again: What happens if we just raise the marginal tax rate in every bracket to 80%? How about 90%?

It would have a devastating effect on people's marginal utility for income rather than leisure - and drive most of the economy into the black market - unless we returned to the more permissive definitions of what constituted taxable income and deductions that existed back when marginal tax rates for the highest brackets were that high.

Which is why it's a good thing we don't have to do anything like that. No country has ever had marginal rates at 80-90% across every bracket - that's just nonsensical. And while we used to have a top rate that approached those levels, along with a very small proportion of actual earnings that was taxable, we aren't going to go back to that.

Which is why I missed the question - I thought it was rhetorical. Why would you think that raising the marginal tax rate in every bracket to 80-90% was relevant?
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to albaby1 here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
Unthreaded | Threaded | Whole Thread (65) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community