Tweets to James Fallows

James Fallows's avatar
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@jamesfallows
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James Fallows
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National correspondent, the Atlantic. Background image in solidarity with a neighbor that has earned U.S. friendship and respect.
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James Fallows's avatar
From @JamesFallows
1. 65% rate wld apply to estates over ONE BILLION (for couples) / $500m individ. Farmers? Sm biz? 2. This is from i… https://t.co/QCPFxxQKqq
Paul Mohme's avatar
From @pmohme
@JamesFallows @edbott similar arguments made in favor of AMT when adopted (and also not indexed for inflation)
Ed Bott's avatar
From @edbott
@pmohme @JamesFallows I think $1 billion is a pretty good starting point, esp. in an era of low inflation.
Paul Mohme's avatar
From @pmohme
@edbott @JamesFallows maybe so, but 65% is flat out confiscatory...and won't affect most ultra-rich who create foundations...
Ed Bott's avatar
From @edbott
@pmohme @JamesFallows On the other hand, the country survived w/ higher estate tax until the 80s.
James Fallows's avatar
From @JamesFallows
@edbott @pmohme Through most of modern history US had much higher taxes, income and estate, than now.
Paul Mohme's avatar
From @pmohme
@JamesFallows @edbott you mean most of the 20th century...extended Depression (1930s) and stagflation (1970s) resulted.
Ed Bott's avatar
From @edbott
@pmohme @jamesfallows You think that high income and estate tax rates were responsible for those economic events? Srsly?
Paul Mohme's avatar
From @pmohme
@edbott @JamesFallows yes, tax policy of the 1930s prolonged the Depression: https://t.co/WhGonCjo0V
Paul Mohme's avatar
From @pmohme
@edbott @JamesFallows similarly, higher taxes contributed to stagflation: https://t.co/BRQCZvn54t
Ed Bott's avatar
From @edbott
@pmohme @jamesfallows Well, that’s a fascinating read but has nothing to do with estate taxes. It argues for indexing marginal tax rates.
Paul Mohme's avatar
From @pmohme
@edbott @JamesFallows and refutes your assertion that tax policy did not contribute to 20th century economic malaise in the U.S...
Ed Bott's avatar
From @edbott
@pmohme @jamesfallows You are aggressively misquoting me. Go back and read what I wrote again.
James Fallows's avatar
From @JamesFallows
@edbott Probably not worth arguing w this guy, though I admire your pluck!
Ed Bott's avatar
From @edbott
@JamesFallows Agreed. Call it misplaced sympathy for a fellow UCLA alum, but good faith seems in short supply.
24AheadDotCom_'s avatar
From @24aheaddotcom_
.@edbott: nothing @JamesFallows has done or will ever do at his present rate will impact Trump in any way. Want to help him be effective?
24AheadDotCom_'s avatar
From @24aheaddotcom_
.@JamesFallows: keep searching Trump's past tweets, you'll find the key to stopping Trump. Just like Stanley Kurtz stopped Obama in 2008!