The Tom Woods Show, episode 1314.

Prepare to set fire to the index card of allowable opinion.

Your daily dose of liberty education starts here, the Tom Woods Show.

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Everybody, Tom Woods here. I thought I would take a few minutes, I guess an episode, to talk about

top marginal tax rates and people paying their fair share and stuff like that because of the

remark that Alexandria Ocasio-Cortez made about the desirability of a top marginal income tax rate of 70% that she believes can fund her Green New Deal programs.

And what everybody's been saying is, look, we had these high rates.

We had even higher rates in the 1950s.

And look, everything was fine. So that goes to show that these would work just as well today.

The thing is, things are not the same between those days and today. So I'm going to talk about that.

But I first want to make sure everybody understands what we mean by a marginal income tax rate.

Now, if you're an income tax payer, then you probably do know the concept because you see it in the way your taxes are calculated.

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