14 Ways A 90 Percent Top Tax Rate Fixes Our Economy And Our Country

[fotd]

A return to Eisenhower-era 90% top tax rates helps fix our economy in several ways:
http://ourfuture.org/blog-entry/2010041625/13-ways-90-percent-top-tax-rate-fixes-economy

I love it. Let's go all you Reganites! You don't want your 1950's country back?

[Conan71]

I like it.  That's one way to get all these lazy rich people and their filthy money to move overseas. 

[Breadburner]

[Conan71]

Here's one of the funniest Reagan blame games I've heard thus far, as to why our crime rate is high today:

"Because since the Reagan Administration cut the taxes for the wealthy, the wealth of the middle class has been slowly drained away. When you start taking money away from the middle class, poverty starts to rise. When poverty starts to rise, so does crime. America is not a morality play, it's just a capitalist society where greed wins out over humanity."

[guido911]

I like it.  That's one way to get all these lazy rich people and their filthy money to move overseas. 

Yeah, those rich people who provide jobs, give generously to charities, invest money, and take risks should leave to appease afterbirths like fotd.

[fotd]

Here's one of the funniest Reagan blame games I've heard thus far, as to why our crime rate is high today:

"Because since the Reagan Administration cut the taxes for the wealthy, the wealth of the middle class has been slowly drained away. When you start taking money away from the middle class, poverty starts to rise. When poverty starts to rise, so does crime. America is not a morality play, it's just a capitalist society where greed wins out over humanity."

" consistently wreck the threads here" Pompous Conanus 4/26/10

[fotd]

Yeah, those rich people who provide jobs, give generously to charities, invest money, and take risks should leave to appease afterbirths like fotd.

The wealthy ( a small diff from calling them "rich people"... ) did all those things when rates were at their highest. Most come out before the bottom line. Providing jobs is an expense. Philanthropy is a tax offset. Investing is what the code was most encouraged to promote in the 50's and 60's and even in the 70's until interest expense became non deductible in most cases and the provision was eliminated by whom? Was it under Reagan?

Rich stuff, Doe Doe.

[guido911]

The wealthy ( a small diff from calling them "rich") did all those things when rates were at their highest. Most come out before the bottom line. Providing jobs is an expense. Philanthropy is a tax offset. Investing is what the code was most encouraged to promote in the 50's and 60's and even in the 70's until interest expense became non deductible in most cases and the provision was eliminated by whom? Was it under Reagan?

Rich stuff, Doe Doe.

You are such an unbelievable moron. I was not "wealthy" in the 70s or 80s or 90s yet I managed to give generously to charities (although I changed who I gave money to after 2008), invest in business, and (dare say) employ people without being taxed at 90%.

[fotd]

You are such an unbelievable moron. I was not "wealthy" in the 70s or 80s or 90s yet I managed to give generously to charities (although I changed who I gave money to after 2008), invest in business, and (dare say) employ people without being taxed at 90%.

You must hate Eisenhower too.

If the %90 bracket existed for those with net income over $4 million a year would you negotiate?

Gwee, how did America make it through those times?

[Gaspar]

We have a winner.  That's the stupidest article ever regurgitated by fotd.  It's even got charts and graphs from angry doodlers.

If I was taxed 90%, why the fv(k would I want to produce anything?  I'd be better off just living off the govt teet.

Why innovate?
Why invent?
Why expand?
Why employ?
Why compete?
Why live here?

Not even Turkey, Sweden, Packistan, Zambia, Guyanna, or France conspire against their citizens at this level.

I love this country, but would choose to live elsewhere under such conditions.  Not that I am in that bracket, but such policies would certainly limit my goals, and I can't allow that.

Conservatives dream of new machines, liberals lust for lotteries.

[guido911]

We have a winner.  That's the stupidest article ever regurgitated by fotd.  It's even got charts and graphs from angry doodlers.

If I was taxed 90%, why the fv(k would I want to produce anything?  I'd be better off just living off the govt teet.

Why innovate?
Why invent?
Why expand?
Why employ?
Why compete?
Why live here?

Not even Turkey, Sweden, Packistan, Zambia, Guyanna, or France conspire against their citizens at this level.

I love this country, but would choose to live elsewhere under such conditions.  Not that I am in that bracket, but such policies would certainly limit my goals, and I can't allow that.

Conservatives dream of new machines, liberals lust for lotteries.

I would be gone immediately if my federal taxes reached just 50%. Back in the 1950s, I suspect the world economy was not as global as it is now. Today, companies and people can pull up their tent pegs and take their money, jobs, charity, and investment just about anywhere.

[fotd]

We did innovate, invent, expand, employ, and compete during those times because the family element ruled and the tax code was designed with incentives. Today, greed rules as the tax code repels risk taking based on reducing taxable income for the individual.
Why live here? I agree....you should move to someplace where freeloading is easier for conservatives. Make more room for the worker bees from outside our borders.

You avoid answering my questions but are quick with the name calling, Guidope.

[Conan71]

Here's one of the funniest Reagan blame games I've heard thus far, as to why our crime rate is high today:

"Because since the Reagan Administration cut the taxes for the wealthy, the wealth of the middle class has been slowly drained away. When you start taking money away from the middle class, poverty starts to rise. When poverty starts to rise, so does crime. America is not a morality play, it's just a capitalist society where greed wins out over humanity."

Let's see, I wrecked this thread, which mentioned Reaganites by mentioning a liberal revisionist view on the effects of Reagan tax cuts.  It's relevant, just not in your world.

[Conan71]

We did innovate, invent, expand, employ, and compete during those times because the family element ruled and the tax code was designed with incentives. Today, greed rules as the tax code repels risk taking based on reducing taxable income for the individual.
Why live here? I agree....you should move to someplace where freeloading is easier for conservatives. Make more room for the worker bees from outside our borders.

There's still enough incentive in the tax code to reward those who donate to charity or create jobs without resorting to putting the 90% tax rate in their back like an SKS rifle.  If the current tax code rewards passive investment, what's the problem with that?  Isn't finding available capital one of the major problems facing business and individiduals these days?

[fotd]

Let's see, I wrecked this thread, which mentioned Reaganites by mentioning a liberal revisionist view on the effects of Reagan tax cuts.  It's relevant, just not in your world.

Be more specific. Was it a liberal revisionist view under Eisenhower? He wasn't an actor, he was a great man.