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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (20261)	12/30/2011 11:44:24 AM
From: DMaA	Read Replies (1) of 24758

What do you think of Coolidge? Do you think he got it right? foxnews.com Said Coolidge in 1924: If we had a tax whereby on the first working day the Government took 5 per cent of your wages, on the second day 10 per cent, on the third day 20 per cent, on the fourth day 30 per cent, on the fifth day 50 per cent, and on the sixth day 60 per cent, how many of you would continue to work on the last two days of the week? It is the same with capital. Surplus income will go into tax-exempt securities. It will refuse to take the risk incidental to embarking in business. This will raise the rate which established business will have to pay for new capital, and result in a marked increase in the cost of living. If new capital will not flow into competing enterprise, the present concerns tend toward monopoly, increasing again the prices which the people must pay.

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