03-20-2022, 03:28 AM
(This post was last modified: 03-20-2022, 03:35 AM by Eric the Green.)
(03-14-2022, 08:34 AM)JasonBlack Wrote:Quote:raise taxes on the wealthy; not to confiscatory levels, but at least to Clinton era levels, and even higher on those making the most money.This part is very, very important. No society needs to return to the 91% top tax bracket that we peaked at during the high. Imo, the problem is less the tax rates and more the tax loopholes.
In the days of 91% taxes rates, we had loads of loopholes. Some of those were removed in the 1986 tax reform. I don't think there's a lot left there to tap into. But the tax rates went too low and they need to be raised "at least to Clinton era levels, and even higher on those making the most money......" Maybe David can correct me if I am wrong, but he seems more in line with my thoughts on this than with the socialists, who want much more drastic tax and redistribution of wealth and much more state business ownership than liberals like us. And Millennials as a generation are decidedly more liberal on this and other issues than any other generation today. "Socialism" is just a buzz scare word in the USA.