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>High marginal income tax rates are designed to keep you from building wealth-- the capital-holding classes don't want the competition for assets. This was my
by aphextron 8y ago
>High marginal income tax rates are designed to keep you from building wealth-- the capital-holding classes don't want the competition for assets.
This was my first thought as well when looking at the new Republican tax brackets. They're throwing peanuts at the poor in the form of a minuscule tax break, while simultaneously cutting off their ability to ever actually build wealth by raising the middle rates.