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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (173664)	8/13/2003 5:09:19 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1573502

Al, we were talking about hard choices, not easy ones. Raising taxes on the "rich" is the easiest way for any politician to get more money. Reagan already left plenty of room for that when he cut the rate of the highest bracket to below 30%. Clinton knew that in general tax hikes are political suicide, so instead, he hiked the taxes of the privileged minority. the rich got richer anyway. The truly rich don't pay that much in taxes anyway. Offshore shelters, charitable foundations, tax accounting tricks, you name it. Just ask Marc Rich, a guy Clinton pardoned before he left office. Tenchusatsu