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<blockquote data-quote="vantexan" data-source="post: 3277176" data-attributes="member: 24302"><p>Interesting take on things.&nbsp; I see the opposite.&nbsp; With high tax rates the wealthy have an incentive to hide their money, offshore or otherwise.&nbsp; With lower rates the wealthy are incentivized to invest in new business in order to grow their capital.&nbsp; Results in jobs.&nbsp; A much more direct relationship between the rich and poor.&nbsp; That 90% rate only applied to a portion of income of the highest earners, but it sure discouraged them from trying to make more.&nbsp; There were other factors in our prosperous period with high taxation.&nbsp; The U.S. was uniquely positioned to benefit from the rebuilding years after WWII.&nbsp; And since then there have been other issues that have harmed the middle class.&nbsp; Legal immigration benefits the economy as more people needed to be fed, clothed, and housed.&nbsp; But illegal immigration hurts low wage workers who can&#039;t compete with people who work for less while sharing expenses with numerous others.&nbsp; A citizen has high bills to be paid.&nbsp; There are many factors into why we&#039;re in the mess we&#039;re in but some, also known as Democrats, play class warfare an envy rather than admit that their goal of wealth redistribution is at the root of much of it.&nbsp; But let&#039;s let this drama play out and see if lowering taxes let&#039;s the thirst for wealth drive the economy and put people back to work.&nbsp; Or if the Dems succeed in playing on people&#039;s fears and we continue the economic stagnation because there&#039;s little incentive to do better if it&#039;s going to be taken anyways.</p></blockquote><p></p>

[QUOTE="vantexan, post: 3277176, member: 24302"] Interesting take on things. I see the opposite. With high tax rates the wealthy have an incentive to hide their money, offshore or otherwise. With lower rates the wealthy are incentivized to invest in new business in order to grow their capital. Results in jobs. A much more direct relationship between the rich and poor. That 90% rate only applied to a portion of income of the highest earners, but it sure discouraged them from trying to make more. There were other factors in our prosperous period with high taxation. The U.S. was uniquely positioned to benefit from the rebuilding years after WWII. And since then there have been other issues that have harmed the middle class. Legal immigration benefits the economy as more people needed to be fed, clothed, and housed. But illegal immigration hurts low wage workers who can't compete with people who work for less while sharing expenses with numerous others. A citizen has high bills to be paid. There are many factors into why we're in the mess we're in but some, also known as Democrats, play class warfare an envy rather than admit that their goal of wealth redistribution is at the root of much of it. But let's let this drama play out and see if lowering taxes let's the thirst for wealth drive the economy and put people back to work. Or if the Dems succeed in playing on people's fears and we continue the economic stagnation because there's little incentive to do better if it's going to be taken anyways. [/QUOTE]

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