Quote:
Originally Posted by Coach
Through the 50's 60's and 70's when America was "great" the top income tax rate never dipped below 70%, getting as high as 92% in the early 50's...
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Yep. But that was then and this is now.
I wish it were otherwise, but I see no reason to believe Americans today will tolerate anything close to the levels of taxation required to carry out Bernie's program. Only 25 per cent of Americans say they would support higher taxes in exchange for more government services.
https://news.gallup.com/poll/268295/...socialism.aspx
And the notion that much revenue can be generated by going after the 1 per cent is fantastical.