DiamondDave
Army Vet
the government has come to be too much influenced by special interests and the wealthy. We are heading over a cliff if something isn't done quickly and one of those things would be to tax the wealthy more to pay down the debt.
Eisenhower had a top rate of 91% we probably dont need it that high but should take it to 65-70%
A tax on Wall Street transactions should also be imposed.
Nobody should owe any sort of % of that nature to any government.. government does not exist for your redistribution dreams
And perhaps, just perhaps, before spouting off about some 90+or 60+% rate, you should look at what was counted as income then, deductible then, etc. The effective rate for the top is actually not much different today than it was then...
What should be is equality in treatment across the board, regardless to age, race, sex, creed, income, situation, or whatever else... funny how equality in treatment, to a liberal, only counts when it benefits you.. but unequal treatment of someone else is ok, when it also benefits the liberal
Effective rate is a hollow argument. It matters little what or how past generations screwed the American people out of tax money and services. Now, loopholes should be closed, and America's NORMAL tax rate on the rich should be restored (70-80%)
Without loopholes, this WILL BE the effective tax rate. And as new tricky loopholes arise, Congress should shut them down. That's part of their job. Let them do it.
No government should be taking that much of anyone's income.. your approach ASSumes that the money is not that of the earner, but instead more rightfully belongs to the government on the behalf of the populace.. this is flat out wrong
What screws over Americans is the extraordinary spending by government that is taking place in the name of the American people