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Old 08-10-2012, 07:40 AM
 
7,150 posts, read 10,898,467 times
Reputation: 3806

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Quote:
Originally Posted by FabianS View Post
What's funny is that you believe people actually paid a 90% rate back in the day. That may have been the technical rate but there were a TON more legal loopholes and shelters.
What's funny is that I never said there weren't loopholes and shelters.

What I said was: "Most of the greatest sustainable, real growth and development of this country occurred during periods when the highest tax bracket here was higher than what France is proposing now."

There are tons of loopholes and shelters now -- and people bit*h.
There are tons of loopholes and shelters in France too -- and people bit*h.

The top tax bracket is / was what it is /was ... and the country prospered like crazy under higher top brackets that were two and a half times higher than now.

Mitt Romney finds his ways of legally cheating his way out of what taxes are due now.
He would have back then. The filthy rich can play those games with their money.

Houses and factory buildings and real estate are dirt cheap in Detroit right now.
There are TONS of people willing to work at pretty low wages there right now.
Why aren't rich people flocking to Detroit to save money on houses and businesses and labor?
Why aren't they leaving California in droves for Detroit?

Because:
The rich can afford to live anywhere they want.
And a LOT of them LOVE California and CAN afford to live here ...

Poor people move for financial reasons at times.
The rich live where they want to be.

Carmel, California is not in the slightest danger of falling to ruins with mansions occupied by minimum wage squatters.

 
Old 08-10-2012, 07:47 AM
 
Location: Sacramento
14,044 posts, read 27,219,039 times
Reputation: 7373
Comparing tax rates in France, with all they cover in the taxes, to California is kind of a mismatch discussion.

You'd have to discuss the federal taxes, including Medicare and Social Security plus the California taxes to make that a meaningful comparison.

Meanwhile, this thread really isn't a California discussion topic, just tangential to California.

It is more appropriate a thread for Politics & Other Cont, so it is now closed.

Last edited by NewToCA; 08-10-2012 at 09:03 AM..
Closed Thread


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