a reply to: bbracken677
you seem to be stuck on this "star factor" thing.
let me explain it to you. the "star" is the product. for example, the three stars of the big bang theory held out for a million an episode, plus
residuals from syndication. each will make around 30 mill a year. why? cause the show creates much more money than that and it couldnt happen
without them. they are the product. also, in show business, everyone is union and gets a decent shake. a background extra makes 125 a day, which is
more than many in this country.
a great athlete makes big bucks cause they are the product. by them playing, they create much more for the owners, arena owners, concessions, down
the line to the valet parkers.
a ceo, not so much. they are easily replaced. just promote a vice president, which the ceo was once, and there you go.
the point of high taxes on the rich is not to punish success, but to penalize excess. even thomas jefferson realized this: "Another means of
silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions or property in
geometrical progression as they rise." www.let.rug.nl...
from the end of wwii till raygun, the top tax rate was over 50%. it averaged 70%. the middle class was never bigger. the share of income for the 1%
decreased from 30% to 10% national income. the average family had a decent car, decent house, and a stay at home parent. you had benefits from your
job and a nice gold watch after 20 yrs.
when tax rates were so high, the people at the top had a choice. pay themselves more and give to uncle sam. or take less, freeing up money to give
raises and benefits. 50% of 10 mill is still enough to retire on. not to mention that by taxing heavily those that have the most, the debt
then raygun and supply side came along and up ended the whole thing. since raygun, look it up, the debt has increased, middle america has shrank,
middle american incomes have stagnated, and the share of income for the rich has skyrocketed! the numbers dont lie. do you mean to tell me that
giving the rich more money doesnt effect the middle or the poor?
watch "inequality for all" and then get back to me.