The taxes on the wealthy were always raised to 77%, 73%, 67%, 95%, etc... throughout our history to pay for Great Depression, World War I, World War II, etc... from the 1930s through to the 1980s until Reagan started lowering it. I don't recall any kind of super wealthy mass exodus during that 60-some odd year period. Do you? Now everyone cries over a 3% suggested raise to pay for the Bush wars like it's equivalent to Hitler, Mussolini, or Communism.
I don't know the history of double taxation but it should be reformed.
|