"And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier."
Here is a joke:
In 1933 FDR executed a plan that included a
91% top tax rate. The money from the roaring twenties had all been concentrated in the hands of the wealthy and the middle class was being wiped out by the great depression. Realizing the negative implications of a two class society, FDR plan was basically to bolster the middle class by taking money from the rich.
Alarmed by Roosevelt's plan to redistribute wealth from the rich to the poor, a group of millionaire businessmen, led by the Du Pont and J.P. Morgan empires, made plans to overthrow Roosevelt with a military coup and install a fascist government modeled after Mussolini's regime in Italy. The businessmen tried to recruit General Smedley Butler, promising him an army of 500,000, unlimited financial backing and generous media spin control. The plot was foiled when Butler reports it to Congress. A short investigation was made and no charges were pressed.
Now that is funny...
