On 8/3/2011 8:14 PM, Larry Blanchard wrote:
On Wed, 03 Aug 2011 08:00:12 -0500, Leon wrote:

So penalize the wealthy for being wealthy. Not much of an incentive to
try to get ahead. Seems that penalizing the wealthy for being fruitful
would create a lower class that does not want to produce and rather wait
for hand outs.

Idon't remember many of the upper class turning to welfare when the
marginal tax rates were 90% or better.

The great hue and cry when top tax rates were 90% was the rich paid no
taxes. They were often right, because while tax rates were 90%, tax
deductions where under every rock (2 martini lunches). Reagan reduced
top rates drastically and also whacked a ton of the deductions.

The rich were happy as their tax rates and deductions went down, and
productivity and tax receipts went up. Unfortunately the left wing
communist democrats and RINO's increased spending in their ongoing
effort to destroy Amerika.

And someone said long ago that no fortune was ever acquired in a manner
that would stand up to the light of day.

Someone once said what the world needs is a better gas to kill the less
intelligent. That was G.W Shaw, the guy you love to quote and he was
wrong. Fortunately Hitler was defeated while implementing Shaw's warped
ideas. Unfortunately some seem to think the idea had merit.

IOW, you can't get rich by working hard and acting in an ethical manner. And yes, I'm sure there
are a few exceptions to that rule, but not many.

Sorry, but you are wrong. Most rich (250g's/yr+) work their ass off to
get that way. Yes, there are exceptions, mostly left wing democrats that
never had a real job or ran a business in their life. Obama, and his
entire administration comes to mind.

--
Jack
"Socialism is a philosophy of failure, the creed of ignorance, and the
gospel of envy, its inherent virtue is the equal sharing of misery..."
-- Winston Churchill

http://jbstein.com