Well, a couple things... first of all the link you showed is showing income tax, not capital gains tax, there is a difference.
Secondly, i wouldn't call the 1950's "the most prosperous time our country has ever seen".
And thirdly, if im not mistake WW2 ended in 1945 so basically your getting a huge boom from a post-war economy, so its not exactly comparable to any
other time in America's economy. There were a ton of factors related to the war that were boosting the economy for awhile afterwards.
Fourthly, today the wealthy are in the best position to avoid taxes due to loopholes, so realistically even though at some point the tax is so high on
income tax, chances are most really wealthy people are/were simple not paying it.
Fifthly, Today is very different then the 1950's(potentially more then 60 years ago), we are a more global economy and often times if a company(or
individual) feels to much pressure preventing his progress from a certain country, they just pick up and leave....if you create such a high tax the
companies will just move where the taxes are lower and where the labour is likely cheaper, and those places will welcome them with open arms.
The economy can seem really simple if you take it at face value, and its tempting to simple react to unpleasent things in life with knee-jerk
reactions, but the economy is alot more complicated then most of the population will ever realize, and even people who spend their whole career's
studying it still have problems. Sometimes what seems like the obvious solution infact causes the opposite effect of what you wanted. In this case
trying to tax wealthy people more because they are increasing their wealth exponentially due partly to power and monopoly their wealth often brings
them creating an uneven playing field, but this will very likely lead to a loss of jobs and innovation and a lose of spreading the wealthy to lower
Nothing is black and white and I"m not saying its a completely bad idea, i understand the sentiment and having higher taxes could potentially help in
some ways but I think the negatives would ultimately be far greater then the positives.
Certain people will always possess more power then others, whether it be by wealth or by politics and influence, its part of what makes us human and
it can't be avoided, even in the systems that are meant to spread that power around we have always ended up with people that had way more then others.
This is the way it is for most life forms, the individuals who risk the most and survive are the ones most likely to have reaped the rewards of that
risk, which is power in a number of different forms even if on a simple level it just means you have plenty of food while everyone else around you is
barely getting by.
I feel like your attitude is that people investing money into something are providing no value and shouldnt be rewarded based on the risk they are
taking that they could lose all of it.
Giving someone money isn't really do anything other than giving someone money. Yeah it's risky. So what? That doesn't mean you get to enslave
thousands of people.
Out of all your comments this one makes the least sense and seems the most biased, just doesn't seem very reasonable at all.
Why isn't investing money into a business that needs that money to grow and/or sustain itself, "not really doing anything", your providing something
thats necessary, a business could go out of business if it doesnt get an investment in alot of cases, or it can't grow fast enough to meet the demand
it has for its products/services, thus losing out on a ton of revenue(all of which would likely be creating jobs in order to get that). Put yourself
in the shoes of an investor, what incentive do you have to invest your money if there is no payoff? none, the only time in life anyone takes a risk,
is if the reward outweighs the possible risk of lose, this isn't just an idea wealthy people came up with, this is the way most biological systems
Also I'm not sure you understand the idea of slavery, I think i understand the sentiment but I think its an exaggeration of the power employer's have
over the employee's. If you as an employee don't think your getting paid enough for the work you do, then by all means either find another job that
does appreciate you more, or make a business yourself. But all your doing is taking on the risk of a business and the potential rewards that come with
it(or potential lose).
Yes its true as an employee you will NEVER get paid for the full value of the work you do, if your getting paid 10$ an hour your employer/boss could
be making 20$ an hour from your work, but again he's also taking the risk that he could lose everything... not just money either but time.... if after
2 years the company goes belly up, he loses everything, whereas you as an employee just lose your job, you don't have to invest money to get a job
that will disappear should things not go as you hoped. Except for a handful of people, most of the people who invest in a business got that money by
hard work, it isn't just dropped in their lap no strings attached.
I could keep going on but I think my comment is already large enough(sorry about that).