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Comment Re:Sanders 2016 (Score 1) 176

So if my yearly income was $10 million but I decided to stop working after the first million I'd be foregoing $810,000 in income after taxes. I guess if you're that rich already it's not that big a deal. But as I said I don't support a 91% tax rate but if the rate was 50% you'd be foregoing $4,500,000 in income in my example. Do you really think that's such a disincentive that people would quite working?

Comment Re:Sanders 2016 (Score 2) 176

What you fail to take into account with the 91% tax rate is that it was a marginal rate. It only applied to income over a certain amount. I'll use $1,000,000 for the sake of argument. So if the 91% rate applies to income over $1 M all of your income up to that point is taxed at the lower rate that people not making that much pay. And even if you reach the point where you're paying 91% taxes on income over $1 M you'll still make more money than if you purposely hold your income under $1 M. Now I'm not advocating for a 91% tax rate but I don't think something like a 50% tax rate on income over $10 million is crazy to contemplate.

Regarding the 91% tax rate it applied from around the end of WW II until Kennedy changed it to around 75% in the early 1960s. Yet that period was one of the most productive in terms of economic growth and infrastructure building to support that growth in the history of the USA. I don't think tax rates are as important to economic growth as a lot of people think.

Comment The story is wrong (Score 5, Informative) 634

Posting this here so it gets more views.

The story is wrong. There were many more coin flips than just the 6 reported and Sanders won his fair share of them. The coin flips are a result of precincts that have an odd number of delegates to the Iowa State Democratic Convention. Say the precinct has 5 delegates and the vote between Clinton and Sanders was a tie. The precinct then sends 2 delegates for Clinton and 2 delegates for Sanders and the 5th delegate is decided by the coin flip. IIRC from the story I heard on NPR there are something like 11,000 delegates to the Iowa State Democratic Convention and it is at that convention where the actual delegates to the Democratic National Convention are selected. So with 11,000 delegates to the state convention the results of a few coin flips aren't going to change much.

Comment Re:Bald (Score 1) 137

I once saw a golden eagle do this. It was while I was rafting the Rogue River. There were a couple of osprey harassing the eagle and as it flew down the river about 50 feet above me one of the osprey was stooping on it with talons outstretched. As the osprey got close the eagle barrel rolled on its back, presented its twice as big talons to the osprey and the osprey veered off, all about 100 feet from me. A memory I will never forget.

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