
Originally Posted by
time4fun
Keep in mind that during some of our country's best economic years the top marginal tax rate was 90%.
Heck, up until Reagan it was in the 70s. Reagan was also the start of the ballooning deficit. It wasn't about an increase in spending, it was a HUGE decrease in revenue.
The economy actually does better when you have a strong social safety net and also curb income inequality. This myth that low taxes and low government spending are great for an economy is dead wrong.