The 70% top tax rate, explained with potatoes

drradonsays...

Kind of an idiot (excuse me, simplistic) view of taxation - assuming the only purpose of taxes is to ensure that every citizen lives as well as every other one. It also ignores the reality that there is a good deal of self-interest and self-dealing in government agencies. Perhaps a more realistic view is to tax at rates that optimize productive economic activity within the system.

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