Democratic presidents Woodrow Wilson and John F. Kennedy spoke plainly about the fact that higher tax rates on individuals and businesses did not automatically translate into higher tax revenues for the government. Beyond some point, high tax rates on those with high incomes simply led to those incomes being invested in tax-free bonds, with the revenue from those bonds being completely lost to the government -- and the investments lost...
And I am sure, as you have done oh so many times before, you have actual data or experience to counter Dr. Sowells' argument. Or are you again emitting your verbal flatulance? Dunce, even your pet chimp knows you get less tax revenue for a higher tax rate, as it becomes cost-effective to put your OWN income where thieves like you have less of a shot at it. But to you envy-obsessed imbeciles it's all about what you percieve as "fairness". At least the mob never told their victims they were being "fair" when they extorted money... The sooner we're rid of obumma the better. And all his winged monkeys. obama delenda est
There was a time when Democrats and Republicans alike could talk sense about tax rates, in terms of what is best for the economy, without demagoguery about "tax cuts for the rich."
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