FYI, during Eisenhower's presidency the total effective tax rate on the rich was LOWER than it is now, and the total % money paid by the rich was less. No one actually paid 91% tax or any of the top tax rates until 1986 tax code change.
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Fittingly, DDE was president during the "great again" that her opponents want to return to.
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Difference is, even in this relatively short amount of time, the world has changed from countries as semi-isolated social/economic communities to a much more global economy. People don’t feel that attachment/investment in one particular country anymore, they’ll just move.
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The idea people will stop wanting to make profit, albeit at lower levels is absurd.
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No one will stop making profit, but why do it at 20% when you can move assets and do it at 70%? Hell, I’d move for that difference in a second.
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by all means leave the country, other people will take your place. Atlas Shrugged is fiction.
End of conversation
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That is not radical except to an Ultra Conservitive.
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That will never happen 60to70% taxes on the most wealthy isn’t the way to get her ideas done and it’s un American there’s other ways
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Oh? What amount of money did the Treasury collect from Eisenhower's top rate? Do you want to GTFO now, or would you like my foot to assist?
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The problem is what people consider wealthy. People think 60k-80k a year is rich, a group that is massively overtaxed currently and but makes enough not to qualify for any benefit. She’s not radical she’s just status quo populist.
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NOW the
@GOP freaks out about a policy from the 1950s (or earlier) being floated?Thanks. Twitter will use this info to make your timeline better. UndoUndo
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He also confiscated all Americans gold. Had Japanese internment camps. Tried to cheat the supreme court.... let's see, what else
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Her policies would require those rates on incomes over 30k and a national VAT around 25%. Those are nordic country rates. You can't finance her platform on incomes over 10,000,0000
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Nope. Why should we give the government more money? Look how they've spent it thus far.
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What happens when those rich folks move out of the country and take their money and businesses with them? Cuz they have that option. Or do we enact a law that says they can’t move? Or take everything they own if they do? What say you, Comrades??
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Exactly, the forgotten part of Make America Great Again
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