re: #143 drcordell

Nowhere did I say that they caused the economic boom. I am merely pointing out that for the entire history of our nation up until the 1980’s the top tax brackets paid well above a 50% tax rate. And the economic growth of our nation was not stifled in any way.

Yet all I hear is people blathering on and on and on about how our economy is going to be crippled by raising tax rates to a fraction of what they were for 200 years. It’s complete and utter horseshit. Without higher tax rates, our government will be bankrupt. It’s as simple as that.

The top tax bracket went down but the percentage of total taxes paid by the top 10% of earners has gone up. They already pay more than they’ve ever paid and you want to raise the rates further? 10% unemployment, the largest tax increase in history passed yesterday, deeper in debt than we’ve ever been and you’re plan is to raise taxes? I don’t think you’ve thought this all the way through.