Quote:
Originally Posted by jimjamuser
One man's fallacy is another man's fact and most important American principle - that a STRONG middle class makes a STRONG COUNTRY. Today we have a STRONG upper-income class.......just like the ancient Romans had when Rome fell. We have outsourced our MIDDLE-CLASS to China. Now everyone can see that THEY are taking that STRONG middle class and flexing their muscle against BOTH the US and Taiwan. So, yes I do think that the legislative changes to the tax RATES put in place for the benefit of the upper class after the 1950s are DANGEROUS for the US and the world. I AM aware of it, most are not. Please allow me to have an OPINION!
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Your OPINION is based on false information. As I've explained to you (and showed you the actual facts), several times, "the rich" in the 50's actually paid less of a percentage of their income in taxes as they do today. The 90% tax rate (that you continually point to) was a fallacy, due to the MASSIVE tax deductions available.
In the 50's, the middle class carried more of the tax burden than they do today,. and the poor paid more in taxes, where almost 50% of todays earners pay ZERO federal income tax...
As someone once said, you are entitled to your own opinions, but you are NOT entitled to your own facts...