Coyote writes:
But for those who are wealthy? Try taking 90% of their earnings and see how motivated they become! Their primary motivation will be to duck those taxes somehow!
Like under the notorious Marxist Dwight Eisenhower with the top 91% tax rate?
Source:
http://en.wikipedia.org/wiki/Income_tax_in_the_United_States
Of course the actual tax rate was far less due to deductions. Perhaps the reason the USA was generally prosperous under Eisenhower may have had more to do with rewarding invention, productivity, and middle class 'scum' for their work than it does under the current system of rewarding financial traders who buy and sell politicians like the old slave market.
Coyote, you are brilliant in your areas of expertise. Please don't allow so called 'fiscal conservatives' who always forget the deficit once in power, Ayn Rand, or even Heinlein to be the only source of information.
I am actually still a member of the Libertarian Party USA, although many of their recent actions disgust me.
I feel I know where you are coming from, much of which is true, but it is not the whole truth.
I am between classes in yet another grad degree and as much as I may dislike having to disagree, I believe your analysis of the current situation lacks a sense of history, economics, politics, and indeed nuance.
Hopefully more to come shortly, time and health permitting.
Read not to contradict and confute, not to believe and take for granted, not to find talk and discourse, but to weigh and consider. - Francis Bacon
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