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I understand your point, but I think you're being too abstract. End of the day, someone is being taxed (fined by the government) more than another, simply becau
by thadd 11y ago
I understand your point, but I think you're being too abstract. End of the day, someone is being taxed (fined by the government) more than another, simply because they are wealthier. That doesn't sit right with me.
As far as growth being stronger with higher tax rates, I assume you're talking about post ww2 era? If so, then I think that was probably more to do with the fact that the rest of the world was destroyed rather than due to our tax code.
- hga 11y agoAs far as growth being stronger with higher tax rates, I assume you're talking about post ww2 era? If so, then I think that was probably more to do with the fact that the rest of the world was destroyed rather than due to our tax code. And it was a short lived thing, by the mid-late '50s things were sputtering, and the top tax rate was 91% ("We like Ike?"). JFK-LBJ reduced that to 77% (https://en.wikipedia.org/wiki/Revenue_Act_of_1964 https://en.wikipedia.org/wiki/Revenue_Act_of_1964) to great economic effects (unfortunately, the increased tax revenues were not so much that LBJ couldn't do a guns and butter budget that almost bankrupted the nation, leading to a decade and a half of malaise).
- deleted 11y ago[deleted]