Orson Welles, one of the greatest talents of the last century, was once investigated for his potential ties to communism. As with many of his peers in Hollywood, the United States government dug into his past, searching for any ties to the Soviet Union or the American Socialist Party.
According to legend, Welles was confronted with charges of communism (at the 7 minute mark):
Welles replied to the charge simply by asking what a communist was. In reply, the men told Welles that it was one who believes in giving one’s earnings to the government for redistribution. Welles retorted that, in that case, he was 86% communist, in reference to the income tax on his tax bracket at that time.
After the second World War, the tax on the wealthiest of Americans did not dip below 80% until 1964. At times the tax rate was as high as 92%!
With that money we built interstate highways, businesses, infrastructure… the best country in the world. The money our country brought in by taxing the wealthiest of Americans absurd rates kept us (mostly/relatively) out of debt and worry free, instead focusing on business, family, and staying afloat. (http://www.truthandpolitics.org/top-rates.php)
Ronald Reagan, for many the prophet of American Conservatism and of American exceptionalism as a whole, saw the fall of income tax rates from 70% to 28% during his presidency. Then the country slid into a major recession. Americans began using credit cards to afford the comfortable lifestyles they had come to enjoy as inflation crept over the country like the stench of raw sewage. And still the tax rates did not rise on the wealthiest of Americans.
This country became the greatest in the world not through rugged individualism and anarchy, but through the investment of tax dollars. I’m not talking about your average worker at McDonald’s or even your local heart surgeon, but the absolute wealthiest of Americans. There’s absolutely nothing wrong with being rich, but a position of elevation in society has to come with a cost… and it is becoming clear that the trickle down theory doesn’t work as intended.
Raise the taxes. Please.