TheRealMafoo on 19 October 2008
| theprof00 said: mafoo, like i said, if you read it, which i doubt due to your answer; Lowering taxes for the rich is not always the best solution, there comes a time when it just simply doesn't balance out well. |
I agree, but I don't think we have gotten there. I think the republicans lowered it to about the lowest they felt safe lowering it too. Around 35%.
The lowest taxes have been in history when we had a democratic supermajority, was 70% with Carter. We had 91% in 1965.
That's way too high. I think in 4 years if Obama is in office, it will be above 70% again.
I think where taxes are now is a good level. Doubling it (and anyone who believes in History will tell you it will be doubled) is a very bad idea.
