In response to:

On Death Tax, the U.S. Is Worse than Greece, Worse than France, and Even Worse than Venezuela

FairnessMan Wrote: Jul 30, 2012 5:03 AM
It's getting to the point where the U.S. is worse than any other country in countless areas. Thank the liberals. Yes, Michael Savage, liberalism is a mental disorder.
traitorbill Wrote: Jul 30, 2012 10:12 AM
characterized by the triumph of their wish over reality.
traitorbill Wrote: Jul 30, 2012 10:13 AM
Where everybody else has a mind, liberals have an appetite.

Considering that every economic theory agrees that living standards and worker compensation are closely correlated with the amount of capital in an economy (this picture is a compelling illustration of the relationship), one would think that politicians – particularly those who say they want to improve wages – would be very anxious not to create tax penalties on saving and investment.

Yet the United States imposes very harsh tax burdens on capital formation, largely thanks to multiple layers of tax on income that is saved and invested.

But we compound the damage with very high tax rates, including the...

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