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Politics : Mainstream Politics and Economics
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i-node
To: koan who wrote (50550)8/10/2013 2:34:07 PM
From: sm1th1 Recommendation  Read Replies (1) of 85487
 
We had sky high taxes in the 50's and 60's and corporations did just fine as did everyone else.

I suppose that the boom of the 50s and 60s had nothing to do with the destruction of the rest of the industrialized world in the 40s? In the absence of competition, even badly run, over taxed companies can charge enough to survive. American companies must now compete in a global economy. The govt shouldn't put them at a disadvantage and expect them not to respond.
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