Posted on 10/24/2017 4:26:52 AM PDT by Kaslin
Back in the day the tax was generally the same as the tithe. 50% is a bit different than 10%. At one time the top tax rate in Great Britain was 95%. Such a level of taxation can only happen in an industrialized society. Much more than 10% in an agrarian society will destroy it, which is why it is a historical norm. It's not that the kings of old were less rapacious than those of today. They simply couldn't tax at much higher rates and have their society continue.
Personally, I think a 50% tax is immoral in every way imaginable, and I doubt it would be something that He would condone.
The dems will be crowing tax cuts for the rich no matter what changes are made. Screwem.
THAT, or something very close, should be a series of Trump tweets.
As a native Vuginyan, I find Woodrow Wilson one of the Commonwealths more egregious contributions to national politics. This is especially so considering his triple-header involvement with the direct income tax component of the 16th Amendment, the 17th Amendment and the Federal Reserve Act. And lets not forget WWI nor the near 24-month time lag between U.S. deaths aboard RMS Lusitania and our entry into hostilities. Additionally, his rulings against continued service of Blacks in government and the military, and the resulting animosity, arguably set true assimilation in the U.S. back several generations.
Anyway, listening to all hands bemoaning their opponents tax plan, Im reminded of the Three Bears wanting their oatmeal to be just right. In my mind the only just right is a flat tax. Equal Justice Under Law and all that. Set a uniform rate whatever it may be. If too high, tax PAYERS voice will be acknowledged. In the equality of the grocery checkout line, we all pay the same price for a given item, and for that matter, the sales tax levied by local/state politicians. It occurs to me that our representatives more represent their views or that of a third-party more than any consensus of their constituency. Our revenue system existed for about 125-years before the 16th Amendment was lobbied for and otherwise pushed to ratification. Other than appeasing other interests, what good has been achieved by the 16th Amendment, the 17th Amendment and the Federal Reserve Act?
To my knowledge, government does not respectfully acknowledge the economic ripple that any level of business makes to the economy. Whether its employees paying income tax, generating sales tax on products created or creating complimentary businesses that supply raw materials, transport products to market or individuals spending their income on whatever they require or desire. Some might say the progression is the miracle of capitalism. To me its just a miracle.
Have you gotten the memo, Mike Rounds? Stand in the way of death tax repeal and you will be a one term wonder.
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