Quote:
Originally Posted by bhutocracy
You are kind of horribly misinformed. For a start America HAD your "communism" level taxes and the "fuckin' statue of liberty" survived just fine.
People like Howard Hughes and many other innovators all made squillions with high tax rates and it didn't stifle innovation. The tax rates were that high during the period of unquestioned American glory.
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Do you honestly believe that ANYBODY actually PAID that tax rate?
The reason it didn't "stifle innovation" was because nobody paid that much.
Back in the days of people like Carnegie, Biltmore, and Rockefeller...they were actually richer than the federal govt. (which is as it should be). Not one of those gentlemen ever paid income taxes...because Federal income tax didn't exist.
Neither did Howard Hughes...income tax did exist in his lifetime, but you can bet your ass he NEVER paid that high of a rate...ever. Didn't matter what the rates were, people just never paid that.
The period of "unquestioned American glory" had a federal govt. that wasn't a giant overbloated monster.
Surely to God you don't think they need even MORE money do you?
Right now Bill Gates is the richest man in America. He is worth 81.8 billion dollars.
The United States Federal Govt. spends that much in less than 8 days!!!!!!
Why the hell would you want to take money from people and give it to the Feds????
So they can bomb and kill even more people around the world? Don't they take enough of people's money already?
The U.S. govt. doesn't earn any money. It TAKES it from people.
And how would YOU like it if every dollar you earned...the Federal govt. took 90 cents of it. And THEN the city tax, county tax, property tax, and sales taxes...you would literally be working to LOSE money.
It's a joke. Nobody COULD pay 90% federal taxes. The math just wouldn't add up after all those other taxes (and don't forget the Obama Care "tax" either...plus paying all of your employees matching taxes and of course Social Security taxes)
If you've ever made any real money...you know what I'm saying.