You should also read what Teddy Roosevelt had to say on that. He also coined the phrase Living Wage. He warned against oligarchs influencing government policy through money. Based on him we had a nice Marginal Tax Rate that kept the money invested here, not China as now.
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The result of this policy is what's happening in France
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The result of this policy being taken away is what's happening in france
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Ok, now explain that what she’s proposing was the tax rate during the 50s,60s, and 70s which led to the American Capitalism being the global economic force that it is today. Unless you are willing to say that Eisenhower was a Communist or Socialist, your argument is nonsense.
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High taxes don’t always mean a good outcome. Take a look at California.
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"For each one shall bear his own load." [Gal 6:5] No one has a moral right to anyone else's money. I have no right to Jeff Bezos' money, and he has no right to mine ~
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Did you know that we did this for roughly 40 years post WWII during one of the greatest growth periods in our nations history?
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so if we had a flat 19% income tax rate for the past 40yrs post WWII... America would have.... what? not grown?pic.twitter.com/7u8EKAGRgv
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Which literally creates a class system. Tax paying minority grows increasingly disgruntled at paying more for the same services and the poor grow disfranchised at staying poor despite all the help they can’t access because other poor abuse the system.
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