Taxes on Rich People?
Out of context: Reply #34
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- ukit0
Abso fucking lutely.
Do you know what the top tax rate was in 1980? 70%. Today, it is 36%. And that's before you get into the issue of tax havens. There is no way you can say the rich pay high taxes.
The moment that Reagan came into office and started slashing taxes for the rich was the exact moment our government began to get deeply in debt. Did you know that Carter left office with the same amount of debt there was when he came in? Under Reagan, Bush, Clinton, Bush and Obama we have racked up huge deficits, and become massively in debt to the Chinese, Japanese and Arab countries.
And no one since then has had the balls to do the simple thing needed to get out of debt, namely, increase taxes. It's like if your credit card company let you continue running up debt and never paying it off.
- just keep making the simpsons and you can do whatever you like with your country.airey