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While responding to Joe Rogan, Sam Seder brilliantly explains how a having a marginal 90% income tax rate on top earners is actually GOOD for business.
93,099 views • 3 years ago •via X (Twitter)
9 Comments

POV: Sam Seder just called you a Ding Dong

@majorityfm People like Joe don’t even understand what marginal tax brackets are. They just see “90%” and start screeching.

So anyways, have you tried DMT?

We can see higher marginal tax rates promote economic growth in history: 1950s growth 5.5%, tax ~90%. 1960s (5.0) and 1970s (3.7) lower growth after marginal tax cuts. 1980's growth 3.4, after more tax cuts. 1990's growth 3.7, taxes went up. 2000's growth 1.9 rates went way down.

Proposes a massive marginal income tax on the rich. Proceeds to explain how the rich can easily avoid paying it by "putting it into a business". Yeah. Like how Trump's personal mansion, Mar-a-lago, is part of a business.

Aw, man, that segment kicked so much ass. Joe Rogaine is gonna looove it

Unfortunately @joerogan will never see this response because he’s walled himself off from hearing responses by never looking at Twitter.

I love Sam.

Why would anyone move here to start a business instead of someplace else with lower taxes? What’s the incentive?


