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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (637512)	11/29/2011 2:36:47 AM
From: i-node	Read Replies (1) of 1584624

For example, a recent report by the nonpartisan Tax Policy Center points out that before 1980 very-high-income individuals fell into tax brackets well above the 35 percent top rate that applies today. According to the center’s analysis, restoring those high-income brackets would have raised $78 billion in 2007, or more than half a percent of G.D.P. I’ve extrapolated that number using Congressional Budget Office projections, and what I get for the next decade is that high-income taxation could shave more than $1 trillion off the deficit. So, by effectively running the most successful people in the country off to other countries, we recoup part of what Obama foolishly wasted during his first two months in office? What a great idea. Get rid of the most productive members of a society and leave those who can't handle the country's money responsibly. Why didn't I think of that? We can raise the same amount of money or more by ending the corrupt, counterproductive war on drug users and at the same time keep the productive people working and even end up with some of those drug users having gainful employment.

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