Lula wrote:so how does this create islamic rule? and aren't obama's tax policies in line with clinton's? seems things were pretty good with bill in charge. nothing higher than reagan's taxes?
I wasn't speaking to Islamic rule...I was speaking to his economic plan.
No higher than Reagan is going to ruin our economy.
Reagan's highest tax rate was 42%, almost 10 points higher than right now.
The people who make more than $250,000 are the people who do the overwhelming investment in our economy via venture capital.
Tax them at a higher rate and that money goes away by at least the rate of increase. It will slow down the economy drastically.
Redistribution of wealth NEVER EVER EVER EVER works. It is the government doing the job of the street hood on the corner.