Figures never lie, but liars sure can figure...
I listen to a pundit yesterday proclaim that during the era when taxation was in the 70% bracket America had the largest economic boom in history. The pundit tried to spin,(lie), the tale to make us believe that the boom was because of the taxation, not in spite of. This is all in the justification of our leader's belief that we need to unfairly overtax the wealthy so that they are paying their fair share. There is just so much wrong with that statement I'm not sure I know where to begin, but more on that in a moment. The actual reason America had such an outstanding economic boost was we had no competition. The world was recovering from both world wars. England had been bombed to rubble, Japan was made into a cinder, Germany had been crushed by allied forces, Italy was a shambles, and France had been pummeled during the occupation. We were the only producing nation left with any resources, and had a very needy export market.
Now I know this gentleman knew this, but he was counting on the public's lack of education and understanding to pass this off as truth. Isn't it interesting the same people control our education system and teach us this history? Quite frankly, this is a dishonest abuse of the voting population and I fail to understand why we allow it to continue.
Back to the same education system that the government runs and teaches us all math. You'd have to be an abject failure to not understand that even if the tax rates are equal for all income brackets, that those who make more money, contribute more to the system. If we tax everyone 10%, and John Q Public makes $10,000.00 his taxes would be $1000.00. If James P. Richguy earns a million dollars his taxes under a 10% rate would be $100,000.00. $100,000.00 >$10,000. And if you forget mathematical symbols that says one million dollars is greater than ten thousand dollars.
Let's also alleviate the spin, (lie), that if James P. Richguy makes his $1,000,000.00 under investments and pays the lower rate of 5% because it's earned income and taxed at a different rate he still pays more. In fact he'll pay $50,000.00 and as we all know $50,000.00 is greater than $10,000.00. ($50,000.00>$10,000.00). But somehow there is a group in government that believes that this is to complicated to understand and they keep telling you the wealthy are paying lower taxes than their secretary. Here's the worse part, there are some in this society that understand this to be true. Another testament to government controlled education!
Now I'm sorry but the only thing I despise worse than a liar is a thief. Quite frankly, this is qualifying as both. It's a brash attempt to relieve us of our income, wealthy or not, so those in power can arbitrarily spend it at their whim. And if you think that's a good idea I'll refer you to the spending habits of the GSA that have been recently revealed.