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The Water Cooler
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Bring back the 91% tax rate
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<blockquote data-quote="Talacker" data-source="post: 1993991" data-attributes="member: 4618"><p>The whole income tax rate discussion misses the bigger issue. Do you want to live in a poor country or a wealthy country? We shouldnt demonize the wealthy for being wealthy. We should want everyone to be wealthy. A successful country is full of successful people. How do people and society become wealthy? Work and innovation. These should be encouraged. We have perversely demonized these however through income taxes, particularly progressive income taxes. Why are we discouraging labor via the tax code? Find a better way to pay for government than by discouraging the activity that you should be encouraging.</p></blockquote><p></p>
[QUOTE="Talacker, post: 1993991, member: 4618"] The whole income tax rate discussion misses the bigger issue. Do you want to live in a poor country or a wealthy country? We shouldnt demonize the wealthy for being wealthy. We should want everyone to be wealthy. A successful country is full of successful people. How do people and society become wealthy? Work and innovation. These should be encouraged. We have perversely demonized these however through income taxes, particularly progressive income taxes. Why are we discouraging labor via the tax code? Find a better way to pay for government than by discouraging the activity that you should be encouraging. [/QUOTE]
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Bring back the 91% tax rate
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