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JHB

(38,120 posts)

4. And that, folks, is one of the big arguments for Eisenhower-era marginal tax rates

Reply to cal04 (Original post)

Mon Feb 6, 2012, 08:42 PM

Feb 2012

Kinda damps the charm of naked speculation if 90% of your Big Win stands to go to Uncle Sam instead.

Yes there were plenty of loopholes to avoid paying that rate. But people still needed to jump through those loops, and had a reminder that there is no Divine Right to absolute maximized profit.

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Former Wall Street Trader: ‘There’s No Other Industry Where You Could Get Paid So Much [View all] cal04 Feb 2012 OP

I guess something has to balance out all the jobs where you get paid so little for working too much. tanyev Feb 2012 #1

+1 crazylikafox Feb 2012 #2

It's the new priesthood Ebadlun Feb 2012 #3

And that, folks, is one of the big arguments for Eisenhower-era marginal tax rates JHB Feb 2012 #4

Billionaires such as Buffett make a killing by ordering central banksters to bail them out. phasma ex machina Feb 2012 #5

A high tax rate on "capital" gains could go a long way to solving this problem. Dawson Leery Feb 2012 #6

I wish I'd known that when I was younger. That's what most people want, right? Honeycombe8 Feb 2012 #7

No, that's pretty much the natural order of capitalism. Starry Messenger Feb 2012 #8

Sure there is. JFN1 Feb 2012 #9

"Industry?" Since when is organized graft an "industry?" MADem Feb 2012 #10

Well, you must admit they're very industrious about it. scarletwoman Feb 2012 #11

Hee hee--you got that right! nt MADem Feb 2012 #12