longweekend58 wrote on Jul 24
th, 2010 at 4:24pm:
what exactly (and i do mean EXACTLY) is your problem with tax cuts that are clearly and obviously affordable and have in part contributed in taking this country from a moribund economy to a spectacular one? why have ludicrously high income taxes when govt is running at a surplus? And you have still failed - and repeatedly so - to explain the rationale behind the 60% level that you lust after, other than to inflict some kind of twisted financial pain on a segment of society that you loathe. we dont need it, we dont want it and it is counter-productive to every economic indicator to raise taxes to the punitive level.
so are we going to see a fact based argument from you or just more of your 60s drug-induced paranoia?
LOL, ol' Man...unlike you, I was an infant in the 60's...
What is fundamentally socio-economically wrong, with re-introducing the 60% highest marginal tax rate, at say, $250K (or $500K with 50% at $250K)!?
Do you still subscribe to that debunked self-contradictory nonsense, that goes to the efect that: high income people will strive less if their marginal taxes increase - but that higher wages will stifle the economy because they don't encourage those at the other end of the scale to strive more (despite the fact that higher disposable incomes at the lower end increase consumption and thereby feed the tentacle-up effect)!?
FFS, do you think that the world's ageing billionaires continue to play the corporate field because they need more money!?!?!?! Is is not the case, that most of them are hooked on competing and winning the game of life at all costs!?
Meantime, if you and Mellie et al are so concerned about Govt Debt and Deficit, then restoring progressive taxation (that ought never have been allowed to become so regressive in the first instance) is an obvious and socio-economically responsible way to go...