Ignoramus8745 wrote:
As Warren Buffett insightfully pointed out, this country did very well
when tax rates were much higher than they are now.

A combination of low tax rates and high deficits is not sustainable.

i


During the Eisenhower administration the country boomed. The tax rate on
the ultra rich was 90% and they still did well. Conservatives make a big
deal about Kennedy putting in tax cuts. Yeah, he did. But he lowered the
rate on the richest from 90% all the way down to 70%. The rich did well
then too. Slapping high income taxes on the rich has never hurt them.
It's only fair for people making a billion a year to pay most of it in
taxes. That's the price you have to pay for living here and getting
rich. If they don't like it they can move to another country. Now where
did I hear that?

Hawke