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Strategies & Market Trends : ahhaha's ahs

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To: Elsewhere who wrote (3177)	10/18/2001 11:26:19 AM
From: ahhaha	Read Replies (1) of 24758

A 10% flat rate increases government revenues. WW1 and WW2 were waged when the tax rate was at or below 10%. The lower the tax rate, the more taxes the rich pay. The majority of the rich don't want a lowering of taxes. They fear it tends to make them common. More money for them just goes more into investment with the undesirable result, at least in their eyes, that the wealth of the low and middle incomes rises. If that process persists which it unavoidably does, then the line dividing the elite and the common becomes diffused. When you have money that's the last thing you want to occur.

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