S & P Dire Warnings

[Bigerik]

Originally Posted by Tom Joad

Nice try, trying to divert the discussion Pete, but that was not what I am talking about as you well know.

We need to redistribute the wealth.

And for starters we need to tax the Hell out out of the rich.

Did you know that in 1942 FDR (the greatest American President of all time, whom you despise) proposed a 100% income tax on all income over $25,000? That would be about $365,000 in today's dollars. And he "settled" for 94% on everything over $200 K. That's about $3 million in today's dollars.

Now that's what I call negotiating!

A 94% income tax on all income over $3 million a year would be awesomely good for our economy.

Yeah, but look at how badly the US economy and people did in the years, and decades after that. We wouldn't want to go to a 1950's type economy, would we?