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Originally posted by sasquatch5100
reply to post by FlyersFan
Does Jimmy Carter run France now? I seem to remember a time when our economy had double digit inflation, double digit interest rates and double digit unemployment. The Misery Index and Stagflation were new terms coined on Jimmy's watch and he had the same tax rate.
This is why they don't teach real history in schools any longer. The socialists would be called out on their BS if the truth was taught. Those who don't know history are doomed to repeat it.
Good Luck France! You'll need it just like we did.
Originally posted by sasquatch5100
reply to post by nuclear12346
Reagan took office and lowered the top tax rate from 70% to 28%. Govt revenues increased from 500 billion in the treasury to 915 billion in the treasury when he left. He was in office a year when unemployment hit double digits in 82 then it started to drop.
Obama is still blaming W for his economic problems 3 yrs later. Reagan turned Carter's disaster around in 1 yr.
Unemployment was 5.6% in 89 when Reagan left. Avg unemployment for Clinton for 8 yrs? 5.6%
Interest rates dropped from 21% to around 14% and inflation went from 12% to 8% on Reagan's watch. give or take a percentage point on those numbers.
How did all this happen with Reagan lowering taxes?
Answer: People had more money in their pockets and the blood started flowing. Don't believe me? Check out those stats for yourself.
Reaganomics was not invented by Reagan. He stole the idea from JFK. Check that out too.
Regardless of how anyone leans politically, the numbers don't lie.
I say take everything they have.
They got it through luck. Not hard work or skill. It is blind chance that rich people meet other people that give them oppotunities that make them rich.
They won life's lottery and need to give it up. I agree with Huey Long. Tax at 100% anything over 100,000,000.
If you need more money than that too bad.
Either that or make the death tax 100% for anything over a million.
Screw the rich.
They suck and should die.
Bunch of greedy pukes.
Originally posted by Submarines
I'm not sure how the French tax code works, but if it is like the US, 50 percent of people, all lower and middle class either don't pay taxes or get their taxes refunded.
In fact, in the last three years, 78 corporations had at least one year where they paid no federal income tax at all, while 30 corporations paid not a dime over the entire three years. Those 30 corporations paid nothing, even though they made $160 billion in profits over that period:
Originally posted by FlyersFan
Slavery to the state. Atlas will shrug in France.
So if you dare to make a lot of money and/or be productive ... the French government will steal 75% of your earnings. Slavery to the State. Atlas will shrug in France.
Originally posted by Flatfish
reply to post by Submarines
I read the entire article you linked and I still can't find the part which states that all of the non-tax paying Americans are lower & middle class.
Would you would mind pointing it out to me?
Originally posted by nuclear12346
How dare they ask for a small % back.
Originally posted by The Sword
Why do you always defend people with money?
Originally posted by syrinx high priest
welcome to the US, french rich people
please spend some money while you are here
Originally posted by Stormdancer777
Who they gonna tax when all the rich people are gone?