OohPooPahDoo
Gold Member
In anticipation of the standard retort that previous U.S. economies have grown under higher tax rates, please explain the economic theory which supports this alleged correlation and why we shouldn't raise taxes on the rich to 90% or even 100% in order to reap even greater tax revenues.
You're asking for theoretical proof of historical fact?
There's no alleged correlation - the economy did, in fact, boom under the Clinton tax rates. That's an actual correlation.
As to raising rates to 90% or 100% to reap greater tax revenues, don't you think that's a bit absurdly high? Why do you want to essentially set a cap on salaries? Seems like not a good idea to me.
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