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

To: bentway who wrote (532329)	11/24/2009 1:45:24 PM
From: combjelly	Read Replies (1) \| Respond to of 1575182

"but comparing AQ, a small band of stateless terrorists, to Imperial Japan and Nazi Germany, with the entire resources of nations to oppose us, is totally and completely ridiculous." But AQ is more dangerous than those two combined. Might be close if you were to throw in the Soviet Union. And give them all nukes. And sharks with frigging laser beams on their heads...

To: bentway who wrote (532329)	11/25/2009 2:48:06 PM
From: TimF	Respond to of 1575182

Like, how FDR immediately raised the top marginal rate to 91% Which is almost without a doubt past the level where the higher tax rates reduce government revenue. The situation was unusual so the inflection point on the laffer curve may have been higher, even much higher than normal, but still was very unlikely to reach 91%. FDR also proposed a 100% rate, which is even more ridiculous. But high tax rates where called for in WWII. When your fighting great powers in an all out war, high taxes, as harmful and unjust as they usually are, are called for. Our spending in WWII was (at least at the peak) over a third of GDP. Our spending on Iraq and Afghanistan was/is more like 1% of GDP.