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Reply #27: Need another option: OR Increase tax rates on rich? [View All]

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on point Donating Member (613 posts) Send PM | Profile | Ignore Thu Jan-13-11 12:02 AM
Response to Reply #4
27. Need another option: OR Increase tax rates on rich?
We should consider restoring the tax rates to the 50, 60, 70 or even 90% rates on the rich that we used to have after world war iI.

The rich weren't happy with the Clinton rates which provided a tax surplus and was in the process of paying DOWN the national debt to the point of elimination. Instead they wanted it even lower and ran up the debt, and then didn't pay for an unneeded war on top of that.

I think they blew it. We should restore VERY high tax rates on the wealthy until we pay down THEIR debt. Let's go back to Eisenhower 90%, or Kennedy 70% until the debt is paid down and we go down again to Clinton 45%.
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