Dan1580 Wrote:
May 23, 2012 10:35 AM
Mellon said, lead many of those who earn such incomes to withdraw their money "from productive business and invest it in tax-exempt securities" Tax-expempt securities...T-Bills, Municiple Bonds, etc. So if the government raises tax rates above a certain threshold, the response by wealthy investors is to invest in the same government that raised their rates? What a scam.