Comment Comment by hker999 Most wealthy Americans were never paying 96% in taxes, if any at all. There were many more loopholes during this time.People are forgetting that the high tax countries are enjoying the fruits of lower-tax countries labor.Technology and drugs are the big ones. Big, evil companies create life-saving drugs and generics are created and sold for pennies to these countries.With no incentive to create (ie: large profits), humans will definitely not advance.Money is also freedom. The less we are able to keep, the less free we become (and more dependent on the government/state). parent hker999 3 years ago
People are forgetting that the high tax countries are enjoying the fruits of lower-tax countries labor.
Technology and drugs are the big ones. Big, evil companies create life-saving drugs and generics are created and sold for pennies to these countries.
With no incentive to create (ie: large profits), humans will definitely not advance.
Money is also freedom. The less we are able to keep, the less free we become (and more dependent on the government/state).