JBeukema
Rookie
- Banned
- #21
That's one of the dumbest posts I've ever seen.Only if you believe that you make the shallow end of the pool deeper by scooping up some water out of the deep end, then pouring it back into the shallow end.
America's most prosperous era involved some of the highest marginal tax rates ever seen.
With the lowering of the marginal tax rates and the practical abolition of corporate taxes, the average American's real income has declined over the last 40-odd years and the income gap has increase.
When the trusts were broken and the monopolies forced apart, the American economy got better.
The more wealth in the hands of the average man, the better for all of society. Capitalism will eat itself without proper regulation- the blind greed of the bourgeoisie leads not only to the exploitation of the proletariat, but ultimately to the collapse of the system which enables the bourgeoisie to exist.
Unbridled capitalism and the Austrian mindset which advocates it is the nearsighted idiocy of the bourgeoisie's useful idiots. It is no more sustainable than the centrally-planned collectivism that we see when Keynesianism runs wild.