[quote=Brutus]We should tax the rich out of existence. That way we can all be poor together.
It’s the only fair solution, because we ALL can’t be rich, but we can all be poor.
90% tax rate on the rich: Anyone making over $150K a year.
That’ll fix ’em, eh, comrade?[/quote]
Interesting point. At the height of the cold war (from 1950 to 1963), when Joseph McCarthy was looking for a communist under every bed, the top tax rate WAS over 90%. Turns out it didn’t make everyone poor. It was a pretty good period of growth, particularly for the middle class.
