Wiseacre
Retired USAF Chief
Lot's of millionaires failed to move during the Eisenhower Administration, when the top rate in the US was above 90%.Yep,
Raising the taxes on the rich doesn't work as they will move. Secondly, they will pass the cost onto the consumer.
At the end of the day the poor and the middle class gets fucked.
Where were they going to go? We were the only game around until the 60s. Tax rates weren't that low elsewhere either.