View Single Post
Old 05-28-13, 12:27 PM   #3
Q
 
Join Date: Sep 2004
Posts: 7,808
Default Re: Why not let Democrats enact total gun control and raise the top marginal rate to

With regards to the tax rates, I think that we're in a very interesting scenario in the current world. If you look at the marginal tax rates over the last hundred years, we're at the lowest levels for the highest earners. However, by correlation and not necessarily causation, the economy fared better under the higher tax rates for higher earners. Of course, America was the undisputed greatest country on earth during this period. These people, regardless of how high they were taxed, couldn't just leave their families and fortunes behind.

With the modern multinational corporation, cheap global transportation, and the internet, moving out of the US while still enjoying the best in life is entirely possible.

Once the economy really starts booming again, we need to start cutting spending and raising revenue. How we'll do so, or be able to politically, is anyone's guess.
Q is offline   Reply With Quote