found online by Raymond
From PZ Myers:
Michael Dell, the billionaire, was asked what he thought of Alexandria Ocasio-Cortez’s proposal to increase the marginal tax rate to 70%. He didn’t like that at all. His reasoning was mostly skewered by a competent economist on the panel, who pointed out that the US had that rate for quite a long while during a period of strong growth.
But I was amused by another point. He claimed he donated more to his charitable foundation than the increased rate would take from him.
My wife and I set up a foundation about 20 years ago, and we would have contributed quite a bit more than a 70 per cent tax rate on my annual income.
That seemed unlikely. So I had to look it up…
“His reasoning was mostly skewered by a competent economist on the panel, who pointed out that the US had that rate for quite a long while during a period of strong growth.”
Another economist not presenting the whole story.