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I just can't get excited over this.
I can remember when the short term Capital Gains tax was 50%. That didn't stop anyone from looking for short term Capital Gains.
During the 50's a Congressman explained to me that in order to tax the poor you must first tax the rich. After the rich have screamed enough for everyone to hear then you start taxing the poor. The Poor don't mind because they know they are paying less %wise than the Rich.
And then you find a way to give it all back to the Rich with new tax breaks or contracts. In the end the masses wind up paying all the taxes.
Conservatives whine about how terrible it is to tax the top 2% because of them being job creators, the amount of money that would be raised from them is too small to do anything with or whatever, but this only shows that they don't fully understand how this taxing the people thing works in the real world.
Back then the highest tax rate was something like 92%. This was the law, but it was also the theory because I don't know that there was a single instance of anyone that ever paid this rate.
It's all just a game, but today it is stoked by radio talk shows and television talkers. After all, when you have 24 hours of air time to fill you have to come up with something, and if a phony story will get viewers then run the phony story.
Follow the money. It will always lead you to the truth.
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