Commanders Post at The Warpath - View Single Post - Nick Hanauer

That Guy · 05-21-2012, 05:39 PM

that's sorta tangential FD. he's saying that having a 15% tax rate on the top 1% isn't incentivizing them to go out and create any more jobs than if they were taxed at 30%. at a certain point you don't need any more boats or houses or whatnot. By taking that extra 15%, that money could be used to pay for worker education or the like, creating more knowledge workers who'd be making more money.

ie - the gi bill after WWII - for every $1 spent, $7 came back due to the massive increase in the number of lawyers, doctors, etc.

05-21-2012, 05:39 PM	#7
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,620	Re: Nick Hanauer - Job Creator Myth that's sorta tangential FD. he's saying that having a 15% tax rate on the top 1% isn't incentivizing them to go out and create any more jobs than if they were taxed at 30%. at a certain point you don't need any more boats or houses or whatnot. By taking that extra 15%, that money could be used to pay for worker education or the like, creating more knowledge workers who'd be making more money. ie - the gi bill after WWII - for every $1 spent, $7 came back due to the massive increase in the number of lawyers, doctors, etc.