Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (3921)	1/17/2008 9:20:45 AM
From: Peter Dierks	Respond to of 42652

"people with that level of income learned ways to avoid taxes, so you had less confiscation than might have been thought from just looking at the rates, and more distortion and perverse incentives than the people setting the rates probably expected." Doctors and other high wage earners were investing is some of the stupidest things because the deductions were so helpful and the slim change of a grand slam investment return seemed reasonable compared to the cost of taxes avoided. High taxes caused many distortions to the economy that resulted in inefficient investment. Bring them back and the same thing will happen.