Thursday, November 12, 2009

You're About to be Raped


WHERE IT CAME FROM Sure enough the government doesn't think that you have a right to keep what you earn, especially if you earn a lot. They also don't think that your earnings incentivize you and taking them disincentivizes you. So don't be too surprised when the taxman knocks on your door for more and more. You have to pay for all these perks that the government hands out somehow. The loonies in charge think that means rape the rich some more. It's been proven time and again not to work, but that's just experience, who believes in that?

I lost track of the original link that this squib pointed to. It talked about increasing the marginal tax rates on the higher income Americans to 60%. This has been done in the past with disastrous results. It produces little additional revenue because the people that fall into the bracket are motivated to evade the tax by not taking the income unless they have to.

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