This is Obama's wet dream come true. This kind of wealth redistribution is simply not fair. 75% is insane. All it's going to do is make more people poor, cost jobs and ultimately hurt the country more. If you know that 75 cents out of every dollar you make is going to be taken away, it also takes away your incentive to work hard and be successful.
4 comments
Login to comment →
asray 12 years, 4 months ago
I think I have an extra room here for a French millionaire ex-pat.
Reply
Filadog 12 years, 4 months ago
This is Obama's wet dream come true. This kind of wealth redistribution is simply not fair. 75% is insane. All it's going to do is make more people poor, cost jobs and ultimately hurt the country more. If you know that 75 cents out of every dollar you make is going to be taken away, it also takes away your incentive to work hard and be successful.
Reply
egro 12 years, 4 months ago
In the 50's the US top margin income tax rate was 90%.
Reply
kilroy182 12 years, 4 months ago
In 1913 the top rate was 7%.
Reply