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Works for me.  Greg Palast is among the smartest Bloggers around. What's the magic percentage that millionaires should have to pay in taxes to be considered their fair share? In the 1950s, the marginal tax rates for the wealthiest Americans was 91%. As recently as the 1980s, it was 70%. Today it's about 30%. So I'll be a class warrior and say a solid, pre-Reagan 70% would be indeed magical. Remember, too, that the percentages haven't uniformly applied. It's like difficulty levels increasing in a video game - the farther you get, the harder it is to progress. There's an explanation here, and a historical look at tax brackets here. In the years leading up to WWII, people recovering from the Great Depression used to boast about their tax bracket - the higher the percentage the better. Culturally, this was reflected in a 1959 Bugs Bunny cartoon, Bonanza Bunny, in which Bugs convinces the unscrupulous Blaque Jacques... Come on you gutless piles of feces. 70% expropriation? let's get on board - how about Sweden's (1970s) 103% percent taxes? Its obvious. You can tax your way to prosperity., Everyone who is actually doing anything that generates money should be killed and their resources given to the government. Right? Everyone who is actually doing anything that generates money should be killed and their resources given to the government.WTF? pop for CR and his ability to take one example and turn it into a thesis. Get a job at the tax office and see what these minimisers actually pay tax on. Australia has tax rates that recognize that some earn large amounts and still they dodge and weave. What the taxes are spent on depends on the demands of the people or the corrupt rulers. Now if we could only get rid of the old,the sick,the homeless,the poor,the ugly.........wait!!!! I'm melting!!! |
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