BluesLegend
Diamond Member
That 80% would be only on income over 30 million or something, and loopholes would not be extinct either. Remain calm. Your poor billionaire brainwashers would survive...Because that's the way good taxes work and the country is healthy!!! Proved, ignorant dupe of the greedy idiot rich. And smart rich people agree EVERYWHERE.On the the bloated rich ONLY, dupe. Until Reagan, the top rate was 90%- when he left 28%. Ridiculous. 50% when his "miracle" happened...
You wish to punish the rich, why?
Would you take an 80% pay cut? No you would not. Would you put your money at risk knowing 80% of what you 'might' make will be confiscated and doled out to moochers and deadbeats? No you would not. Consider yourself utterly destroyed.
And still have more value than the bottom feeders that demand everyone else support them. How sad it must be to know that someone could pay 80% of their income in taxes and still buy and sell a piece of shit like you a hundred times over.
When taxes were higher, the 'rich' hoarded their money, not risking it, it wasn't worth risking it since government would confiscate the profits, and so money was parked in long term investments that did not suffer the punish the rich taxes and the 'rich' did not risk starting new businesses or expanding existing businesses thus creating new jobs. Which is why the damn taxes were lowered to encourage job growth, goddamn these liberals are retards.