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binc Wrote: Sep 27, 2012 7:50 AM
It boils down to envy. It boils down to bitter people that need someone, anyone to blame for their own lousy life choices. Bitter, envious, angry small hypocritical people that would turn on a dime if any one of them won a large lottery.
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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...
If You Want to “Soak the Rich,” Keep Tax Rates Low