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1 posted on 07/07/2003 8:25:48 PM PDT by Tailgunner Joe
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To: Tailgunner Joe
Sometime early in WWII, or even before, FDR proposed a 100% income tax on all income above, I think, $100,000. When his advisers told him 1) that this rate would collect zero revenue, and 2) that it would wreck the economy, FDR was reportedly puzzled by both propositions.
2 posted on 07/07/2003 9:03:16 PM PDT by Arthur McGowan
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3 posted on 07/07/2003 9:04:24 PM PDT by Support Free Republic (Your support keeps Free Republic going strong!)
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To: Tailgunner Joe
You might add that world war Wilson pledged not to get us into the first world war.He did so anyways and the way he did ensured the disaster that lead to both Soviet Russia and Nazi Germany. IF the US had insisted that as condition of entering that war a defeated Germany would be rebuilt as a capitalist democracy and massive aid would be given to the Russian White army if they agreed to the same condition for Russia's new government ( With US troops in place in both cases to ensure they kept the agreement ) Imagine how much better the 20th century would have turned out.
4 posted on 07/07/2003 11:47:33 PM PDT by Nateman (Socialism first, cancer second.)
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