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Politics : A US National Health Care System?

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To: John Koligman who wrote (7183)	6/23/2009 9:58:28 PM
From: i-node	1 Recommendation Read Replies (1) of 42652

As I said in my prior post, we had several decades in this country where the top rates were as high as 90% and seemed to do just fine. Actually, one decade + 2 years (1951-1963), plus a 2 year period during WWII. And it wasn't quite 90% then due to the maximum rate limitation which capped the effective rate at just under 90%. And these were on incomes over $3,000,000 in today's dollars. But the important point is at that taxes as a percentage of GDP have risen over the same period by a couple of percentage points. I just don't know how a person in his right mind can propose something like a 50 or 90% tax rate. On ANYONE. Intuitively, it would kill the economy, and frankly, you take everyone's income over $3,000,000 and not make a dent in the problem. Look, we've already got a socialist tinkering around with 1/6 of the economy. Let's not turn him loose on the Internal Revenue Code. You guys ought to at least give the country a fighting chance for survival.

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