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I don't know how much a 90% rate on incomes over $1 million would reduce economic growth (I suspect a lot), but I know that it is MORALLY wrong to grab what someone has earned. It's wrong when a thief does it, and it's wrong when the government does it.

America's universities have become her enemy. The Federal government should stop funding them.

1 posted on 04/16/2012 1:13:10 PM PDT by reaganaut1
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To: reaganaut1
More than anything else, their work shows that the top earners in the United States have taken a bigger and bigger share of overall income over the last three decades, with inequality nearly as acute as it was before the Great Depression.

And yet, the "poor" were richer than ever... until Ubama came along.

2 posted on 04/16/2012 1:21:51 PM PDT by E. Pluribus Unum (For every black person murdered by a white, thirty-nine white people are murdered by blacks.)
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To: reaganaut1

Let me tell you how it will be
There’s one for you, nineteen for me
‘Cause I’m the taxman, yeah, I’m the taxman

Should five per cent appear too small
Be thankful I don’t take it all
‘Cause I’m the taxman, yeah I’m the taxman

If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat,
If you take a walk, I’ll tax your feet.

Don’t ask me what I want it for
If you don’t want to pay some more
‘Cause I’m the taxman, yeah, I’m the taxman

Now my advice for those who die
Declare the pennies on your eyes
‘Cause I’m the taxman, yeah, I’m the taxman
And you’re working for no one but me.


3 posted on 04/16/2012 1:26:38 PM PDT by Scott from the Left Coast
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To: reaganaut1

Do they really think people will stick around and pay the 90% tax?


4 posted on 04/16/2012 1:34:13 PM PDT by PeterPrinciple (Lord, save me from some conservatives, they don't understand history any better than liberals.)
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To: reaganaut1

I just found out the reason Warren Buffett is on the stump complaining he doesn’t pay enough in taxes is because he (his company), owes the IRS one billion dollars in back taxes since 2003.


8 posted on 04/16/2012 2:25:34 PM PDT by topspinr
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To: reaganaut1

How about imposing a minimum tax, (say 8%), on the almost 48% of Americans that pay NO income tax?


9 posted on 04/16/2012 2:39:11 PM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: reaganaut1

If income is so evil that it needs to be taxed away from people at a 90% rate, then I promise to do my moral duty as an American and not earn any. :)


11 posted on 04/16/2012 8:30:43 PM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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