3 ms·
Your assertion that the rich would leave the country is not backed up by historical data. Between 1944 and 1960, the tax rate on the top income bracket was ove
by rauljara 15y ago
Your assertion that the rich would leave the country is not backed up by historical data. Between 1944 and 1960, the tax rate on the top income bracket was over 90% (it maxed out at 94% in '44). Yet the nation did not lose all it's rich people.
- 13rules 15y agoThe world is quite different today than in 1944-60. A lot easier to operate from a foreign country, yet maintain communication with others in the US and travel easily back and forth. This is a bigger problem on the corporate scale because companies can (and have) move overseas and base their operations in countries where they have huge tax and other advantages.