MikeK
Gold Member
Re: this specious note: Communism sucks, but I want to piss rich people off.
The 91% tax rate didn't seriously diminish the incomes or the net worth of its designated tax bracket, which was the multi-millionaire class. Even at that rate of taxation the net worth and incomes of these people still substantially exceeded those of the average person.
In other words the 91% rate didn't make the rich poor. It simply made them a little less rich -- and it served to heal a badly damaged economy by effecting a productive redistribution of the Nation's wealth resource.
The 91% tax rate didn't seriously diminish the incomes or the net worth of its designated tax bracket, which was the multi-millionaire class. Even at that rate of taxation the net worth and incomes of these people still substantially exceeded those of the average person.
In other words the 91% rate didn't make the rich poor. It simply made them a little less rich -- and it served to heal a badly damaged economy by effecting a productive redistribution of the Nation's wealth resource.
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