You Can't Soak the Rich

Re:You Can't Soak the Rich by dreish on Tuesday May 20, 2008 @04:25PM (#195265)

Except it didn't. GDP grew faster in the fifties, with a 90% "millionaire's tax", than it did in the eighties, as top marginal rates were being cut to their lowest levels.

Numbers from here:

http://www.economagic.com/em-cgi/data.exe/var/rgdp-qtrchg

But this is something I noticed around 16 years ago.

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Re:You Can't Soak the Rich by Spyckie on Tuesday May 20, 2008 @04:35PM (#195277)

Thanks, finally someone is pointing to real data rather than just waiving a magic wand in the air.

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