In response to:

If You Want to “Soak the Rich,” Keep Tax Rates Low

calhar Wrote: Sep 27, 2012 11:38 AM
There sure was a lot of succers buying "wanted"instead of needed goods???They sold them a bill of goods then moved to china.Thats gratitude for you.Now their lot in life is deteriorating.They laughed all the way to the bank saying I fooled you I fooled you????? Monkey see monkey do.How some of thse "things"improve life is open to debate.It dam sure don't produce nothing.

I’ve pulled evidence from IRS publications to show that rich people paid a lot more to Uncle Sam after Reagan reduced the top tax rate from 70 percent to 28 percent.

 

But the Gipper wasn’t the only one to unleash the Laffer Curve. The United Kingdom saw similar dramatic results when Margaret Thatcher lowered the top tax rate from 83 percent to 40 percent. Allister Heath explains.

During the 1970s, when the tax...

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