October 12, 2011
– Comments (2)
One thing for certain, the speakers in both your video and mine agree that we had a good economy when the highest income tax rate was 70%.
And they both seem to agree the economy is in worse shape now, and the highest tax rate has been cut in half.
It is nice that your video seeks to explain why that is by talking about differences in America from then until now. But the fact is with those differences and the high taxes, the high taxes did not destroy the economy or inhibit investors. They just helped the people that investors were counting on to get work done and make their investments a success get paid a little better. We had better pay and unions for it then to, and a good economy to boot.
It is almost like some actor - we'll call him Ron - said "things are going well, lets change it".