Shifting the tax burden to the wealthy class does NOT harm the economy

[Billy000]

"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."

THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider

The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.

Wealth And Inequality In America - Business Insider

 

[ScienceRocks]

It's kind of weird how good it was then and now how bad it is today since the rich have been getting away with this crap.

We spent far more on infrastructure, science, r&d and education when we had the revenue to do so.

 

[my2¢]

Giving Washington more money is like buying a drunk a drink. First the President and congress must show they can say "no" and control spending.

 

[Billy000]

Giving Washington more money is like buying a drunk a drink. First the President and congress must show they can say "no" and control spending.

Yep, defense spending is out of control.

 

[Arizona Willie]

When the American economy was rockin' and rollin' back in the 60's and 70's we had a top tax rate on the wealthy of 91% and a 10% usery law that prevented charging more than 10% interest.

The peasants were also allowed to deduct 100% of the interest they paid on everything on their income taxes both state and federal.

Until Ronald Reagan created the largest tax increase on the middle class in history when he took the interest deduction away, except for your home mortgage -- and he WANTED to take that away too.

Having a high tax rate on the uber wealthy serves two purposes.

1) It raises more money to pay down the country's debt -- thanks to Bush's Follies.

2) It motivates the wealthy to use their remaining money to start more businesses and expand the one's they own in order to get more money.

If a man has 100 million dollars rs a year coming in from his factory, and the government lets him keep 92 million, he has little motivation to expand his plant or start another business.

If he had 100 million dollars a year coming in from his factory, and the government lets him keep 10 million, he has LOTS of motivation to expand his operations and start more.

He still owns his yacht and mansions and now needs more money to KEEP them just like his employees need to make money to pay their rent / house payment.

He's still a rich man, nobody took his factory away from him, but with a high tax rate he pays more to society for the better life he is receiving from society. And that helps society.

Proof of my statement is that when we HAD high tax rates on the wealthy ... they DID expand their businesses and start more. Times were booming.

But, since Reagan and the massive give aways to the wealthy under the pretense it would create more jobs ( which has been proven untrue ) we have cut the taxes on the wealthy and they just hide their money overseas and sit on their wealth.

The conservatives claim that giving welfare to the poor encourages them not to work.

Well, tax cuts for the rich are the same thing as welfare to the poor --- only it's welfare for the RICH.


===============

It's kind of weird how good it was then and now how bad it is today since the rich have been getting away with this crap.

We spent far more on infrastructure, science, r&d and education when we had the revenue to do so.

 

[Billy000]

When the American economy was rockin' and rollin' back in the 60's and 70's we had a top tax rate on the wealthy of 91% and a 10% usery law that prevented charging more than 10% interest.

The peasants were also allowed to deduct 100% of the interest they paid on everything on their income taxes both state and federal.

Until Ronald Reagan created the largest tax increase on the middle class in history when he took the interest deduction away, except for your home mortgage -- and he WANTED to take that away too.

Having a high tax rate on the uber wealthy serves two purposes.

1) It raises more money to pay down the country's debt -- thanks to Bush's Follies.

2) It motivates the wealthy to use their remaining money to start more businesses and expand the one's they own in order to get more money.

If a man has 100 million dollars rs a year coming in from his factory, and the government lets him keep 92 million, he has little motivation to expand his plant or start another business.

If he had 100 million dollars a year coming in from his factory, and the government lets him keep 10 million, he has LOTS of motivation to expand his operations and start more.

He still owns his yacht and mansions and now needs more money to KEEP them just like his employees need to make money to pay their rent / house payment.

He's still a rich man, nobody took his factory away from him, but with a high tax rate he pays more to society for the better life he is receiving from society. And that helps society.

Proof of my statement is that when we HAD high tax rates on the wealthy ... they DID expand their businesses and start more. Times were booming.

But, since Reagan and the massive give aways to the wealthy under the pretense it would create more jobs ( which has been proven untrue ) we have cut the taxes on the wealthy and they just hide their money overseas and sit on their wealth.

The conservatives claim that giving welfare to the poor encourages them not to work.

Well, tax cuts for the rich are the same thing as welfare to the poor --- only it's welfare for the RICH.


===============

It's kind of weird how good it was then and now how bad it is today since the rich have been getting away with this crap.

We spent far more on infrastructure, science, r&d and education when we had the revenue to do so.

Very well said.

 

[David_42]

When the American economy was rockin' and rollin' back in the 60's and 70's we had a top tax rate on the wealthy of 91% and a 10% usery law that prevented charging more than 10% interest.

The peasants were also allowed to deduct 100% of the interest they paid on everything on their income taxes both state and federal.

Until Ronald Reagan created the largest tax increase on the middle class in history when he took the interest deduction away, except for your home mortgage -- and he WANTED to take that away too.

Having a high tax rate on the uber wealthy serves two purposes.

1) It raises more money to pay down the country's debt -- thanks to Bush's Follies.

2) It motivates the wealthy to use their remaining money to start more businesses and expand the one's they own in order to get more money.

If a man has 100 million dollars rs a year coming in from his factory, and the government lets him keep 92 million, he has little motivation to expand his plant or start another business.

If he had 100 million dollars a year coming in from his factory, and the government lets him keep 10 million, he has LOTS of motivation to expand his operations and start more.

He still owns his yacht and mansions and now needs more money to KEEP them just like his employees need to make money to pay their rent / house payment.

He's still a rich man, nobody took his factory away from him, but with a high tax rate he pays more to society for the better life he is receiving from society. And that helps society.

Proof of my statement is that when we HAD high tax rates on the wealthy ... they DID expand their businesses and start more. Times were booming.

But, since Reagan and the massive give aways to the wealthy under the pretense it would create more jobs ( which has been proven untrue ) we have cut the taxes on the wealthy and they just hide their money overseas and sit on their wealth.

The conservatives claim that giving welfare to the poor encourages them not to work.

Well, tax cuts for the rich are the same thing as welfare to the poor --- only it's welfare for the RICH.


===============

It's kind of weird how good it was then and now how bad it is today since the rich have been getting away with this crap.

We spent far more on infrastructure, science, r&d and education when we had the revenue to do so.

Great post.

 

[Sun Devil 92]

When the American economy was rockin' and rollin' back in the 60's and 70's we had a top tax rate on the wealthy of 91% and a 10% usery law that prevented charging more than 10% interest.

The peasants were also allowed to deduct 100% of the interest they paid on everything on their income taxes both state and federal.

Until Ronald Reagan created the largest tax increase on the middle class in history when he took the interest deduction away, except for your home mortgage -- and he WANTED to take that away too.

Having a high tax rate on the uber wealthy serves two purposes.

1) It raises more money to pay down the country's debt -- thanks to Bush's Follies.

2) It motivates the wealthy to use their remaining money to start more businesses and expand the one's they own in order to get more money.

If a man has 100 million dollars rs a year coming in from his factory, and the government lets him keep 92 million, he has little motivation to expand his plant or start another business.

If he had 100 million dollars a year coming in from his factory, and the government lets him keep 10 million, he has LOTS of motivation to expand his operations and start more.

He still owns his yacht and mansions and now needs more money to KEEP them just like his employees need to make money to pay their rent / house payment.

He's still a rich man, nobody took his factory away from him, but with a high tax rate he pays more to society for the better life he is receiving from society. And that helps society.

Proof of my statement is that when we HAD high tax rates on the wealthy ... they DID expand their businesses and start more. Times were booming.

But, since Reagan and the massive give aways to the wealthy under the pretense it would create more jobs ( which has been proven untrue ) we have cut the taxes on the wealthy and they just hide their money overseas and sit on their wealth.

The conservatives claim that giving welfare to the poor encourages them not to work.

Well, tax cuts for the rich are the same thing as welfare to the poor --- only it's welfare for the RICH.


===============

It's kind of weird how good it was then and now how bad it is today since the rich have been getting away with this crap.

We spent far more on infrastructure, science, r&d and education when we had the revenue to do so.

That is simply stupid.

There is no proof of anything.

 

[Sun Devil 92]

"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."

THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider

The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.

Wealth And Inequality In America - Business Insider

Cut spending Billy...then we talk.

You can include the Military....but that's not the only place.

 

[SuperDemocrat]

"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."

THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider

The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.

Wealth And Inequality In America - Business Insider

I believe the sixties were better but that was because jfk did his own version of trickle down.

 

[Billy000]

"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."

THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider

The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.

Wealth And Inequality In America - Business Insider

I believe the sixties were better but that was because jfk did his own version of trickle down.

Trickle down is bullshit.

 

[ScienceRocks]

When the American economy was rockin' and rollin' back in the 60's and 70's we had a top tax rate on the wealthy of 91% and a 10% usery law that prevented charging more than 10% interest.

The peasants were also allowed to deduct 100% of the interest they paid on everything on their income taxes both state and federal.

Until Ronald Reagan created the largest tax increase on the middle class in history when he took the interest deduction away, except for your home mortgage -- and he WANTED to take that away too.

Having a high tax rate on the uber wealthy serves two purposes.

1) It raises more money to pay down the country's debt -- thanks to Bush's Follies.

2) It motivates the wealthy to use their remaining money to start more businesses and expand the one's they own in order to get more money.

If a man has 100 million dollars rs a year coming in from his factory, and the government lets him keep 92 million, he has little motivation to expand his plant or start another business.

If he had 100 million dollars a year coming in from his factory, and the government lets him keep 10 million, he has LOTS of motivation to expand his operations and start more.

He still owns his yacht and mansions and now needs more money to KEEP them just like his employees need to make money to pay their rent / house payment.

He's still a rich man, nobody took his factory away from him, but with a high tax rate he pays more to society for the better life he is receiving from society. And that helps society.

Proof of my statement is that when we HAD high tax rates on the wealthy ... they DID expand their businesses and start more. Times were booming.

But, since Reagan and the massive give aways to the wealthy under the pretense it would create more jobs ( which has been proven untrue ) we have cut the taxes on the wealthy and they just hide their money overseas and sit on their wealth.

The conservatives claim that giving welfare to the poor encourages them not to work.

Well, tax cuts for the rich are the same thing as welfare to the poor --- only it's welfare for the RICH.


===============

It's kind of weird how good it was then and now how bad it is today since the rich have been getting away with this crap.

We spent far more on infrastructure, science, r&d and education when we had the revenue to do so.

That is simply stupid.

There is no proof of anything.

Look at history and what built America, China and modern europe. It certainly wasn't your kiss assing with the nobality that did it.

 

[Sun Devil 92]

When the American economy was rockin' and rollin' back in the 60's and 70's we had a top tax rate on the wealthy of 91% and a 10% usery law that prevented charging more than 10% interest.

The peasants were also allowed to deduct 100% of the interest they paid on everything on their income taxes both state and federal.

Until Ronald Reagan created the largest tax increase on the middle class in history when he took the interest deduction away, except for your home mortgage -- and he WANTED to take that away too.

Having a high tax rate on the uber wealthy serves two purposes.

1) It raises more money to pay down the country's debt -- thanks to Bush's Follies.

2) It motivates the wealthy to use their remaining money to start more businesses and expand the one's they own in order to get more money.

If a man has 100 million dollars rs a year coming in from his factory, and the government lets him keep 92 million, he has little motivation to expand his plant or start another business.

If he had 100 million dollars a year coming in from his factory, and the government lets him keep 10 million, he has LOTS of motivation to expand his operations and start more.

He still owns his yacht and mansions and now needs more money to KEEP them just like his employees need to make money to pay their rent / house payment.

He's still a rich man, nobody took his factory away from him, but with a high tax rate he pays more to society for the better life he is receiving from society. And that helps society.

Proof of my statement is that when we HAD high tax rates on the wealthy ... they DID expand their businesses and start more. Times were booming.

But, since Reagan and the massive give aways to the wealthy under the pretense it would create more jobs ( which has been proven untrue ) we have cut the taxes on the wealthy and they just hide their money overseas and sit on their wealth.

The conservatives claim that giving welfare to the poor encourages them not to work.

Well, tax cuts for the rich are the same thing as welfare to the poor --- only it's welfare for the RICH.


===============

It's kind of weird how good it was then and now how bad it is today since the rich have been getting away with this crap.

We spent far more on infrastructure, science, r&d and education when we had the revenue to do so.

That is simply stupid.

There is no proof of anything.

Look at history and what built America, China and modern europe. It certainly wasn't your kiss assing with the nobality that did it.

Why don't you close your lap top and shove it up your ass sideways.

I'm sure you'll be thinking of your boyfriend when you do.

There is no proof of anything in that ejaculation you call a post.

It's a nice story. That's all it is.

Have fun.

 

[Sun Devil 92]

1) It raises more money to pay down the country's debt -- thanks to Bush's Follies.
.

[/QUOTE]

Why don't you share the numbers.

Show us what that means in terms of the actual tax brackets.

And when do you hit 90%.

Moron, you are not taking 90% on the first million or so. Even a far left nazi tax enforcer isn't that stupid.

 

[Arizona Willie]

Well obviously you must be pretty young.

Proof? I simply quoted history which would be easily googlable if you really wanted to learn the TRUTH.

Anyone on the forum over the age of 50 could tell you the same things I posted.

Nothing but the truth, so help me god ( which I don't believe in ).

============

That is simply stupid.

There is no proof of anything.

 

[Kosh]

Giving Washington more money is like buying a drunk a drink. First the President and congress must show they can say "no" and control spending.

Yep, defense spending is out of control.

Says he far left drone..

Government spending has no real oversight, yet he far heft drones will always say it is only defense spending.

They continue to show and prove that they do not understand the Constitution.

 

[Kosh]

When the American economy was rockin' and rollin' back in the 60's and 70's we had a top tax rate on the wealthy of 91% and a 10% usery law that prevented charging more than 10% interest.

The peasants were also allowed to deduct 100% of the interest they paid on everything on their income taxes both state and federal.

Until Ronald Reagan created the largest tax increase on the middle class in history when he took the interest deduction away, except for your home mortgage -- and he WANTED to take that away too.

Having a high tax rate on the uber wealthy serves two purposes.

1) It raises more money to pay down the country's debt -- thanks to Bush's Follies.

2) It motivates the wealthy to use their remaining money to start more businesses and expand the one's they own in order to get more money.

If a man has 100 million dollars rs a year coming in from his factory, and the government lets him keep 92 million, he has little motivation to expand his plant or start another business.

If he had 100 million dollars a year coming in from his factory, and the government lets him keep 10 million, he has LOTS of motivation to expand his operations and start more.

He still owns his yacht and mansions and now needs more money to KEEP them just like his employees need to make money to pay their rent / house payment.

He's still a rich man, nobody took his factory away from him, but with a high tax rate he pays more to society for the better life he is receiving from society. And that helps society.

Proof of my statement is that when we HAD high tax rates on the wealthy ... they DID expand their businesses and start more. Times were booming.

But, since Reagan and the massive give aways to the wealthy under the pretense it would create more jobs ( which has been proven untrue ) we have cut the taxes on the wealthy and they just hide their money overseas and sit on their wealth.

The conservatives claim that giving welfare to the poor encourages them not to work.

Well, tax cuts for the rich are the same thing as welfare to the poor --- only it's welfare for the RICH.


===============

It's kind of weird how good it was then and now how bad it is today since the rich have been getting away with this crap.

We spent far more on infrastructure, science, r&d and education when we had the revenue to do so.

Oh look another far left drone spewing the far left religious dogma

The two biggest tax cuts in History came under JFK and Jimmy Carter. I doubt that any far left drone will see them as "Conservatives".

But then again neither of them would fit into todays far left controlled DNC either.

 

[Claudette]

"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."

THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider

The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.

Wealth And Inequality In America - Business Insider

The rich in this country already pay at least 60% percent of the taxes paid. How much more would you like them to pay??

We have at least 49% who pay no Fed taxes at all. Looks to me like they get a free ride at some one else's expense.

Perhaps that 49% should start contributing. Would be nice doncha think??

 

[Arizona Willie]

Well you can whine and moan all you want, but NOTHING you spewed refuted what I said.

When you post garbage and nothing in response to the facts posted --- YOU LOSE.

Oh look another far left drone spewing the far left religious dogma

The two biggest tax cuts in History came under JFK and Jimmy Carter. I doubt that any far left drone will see them as "Conservatives".

But then again neither of them would fit into todays far left controlled DNC either.

 

[Arizona Willie]

Gee why don't you whine about the corporations that pay ZERO taxes or those who actually get subsidies from the government?

Oh that's just fine by you.
It's only poor people who live on the edge of starvation who should pay taxes in your view.

Most of the people who pay no Federal Income tax are very poor and live on government assistance or Social Security.

Most have incomes less than 20K which is NOT enough to support one person let alone a family in todays economy.

The government doesn't ask them to contribute because they are so poor.

The uber wealthy have more than enough to make up for what the poor don't pay.

My fondest wish for you and the other assholes like you is that you should be hit with disaster and illness and put in the situation of the people who don't pay any Fed Income Taxes and forced to live like they do the rest of your life.

============

We have at least 49% who pay no Fed taxes at all. Looks to me like they get a free ride at some one else's expense.

Perhaps that 49% should start contributing. Would be nice doncha think??