[quote=pri_dk][quote=xtalprotector][…] the stock market crashed, driven by the fear of taxing the “rich”. [/quote]
Oh, so that’s why it crashed? All this time I was thinking it had to do with substantially lower corporate earnings, or the write down of billions in worthless assets on company balance sheets.
It makes sense now: a small increase in the marginal tax rate at the top bracket is actually what tanked the economy. For further proof, look at the tax rates in the decades following WWII, and we can see how devastating a progressive tax is to our economy.
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You might want to reread the whole post.