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Well it seems he changed one master for another. Compared to the US England and Belgium are socialist countries. The math doesn’t add up my friend. Maybe he did improve from France to England/Belgium, but they did not come over here. That is not how I perceived Europeans to be. Back in...

Well here you and I take 180 degrees positions. I do not agree.

You do that. But before take an English class and learn how to write. 2 misspelled above. Good luck my friend.

Not necessarily. If minimum wage is above market's for that particular profession then yes, if below market rate then it only works to protect the individual and sometimes minimum wage would be irrelevant if below the markets rate. I agree but the word worth makes all the difference. The...

Glad to read that.

I wonder how Rich european countries do it then. They must have concentration camps for the rich to prevent them from leaving. :D

Allow me to ask forgiveness for writing such foolishness. I thank you for taking your time to reply to me. However don’t do that anymore. I would like to advice you to travel the world, especially socialist Canada, Switzerland (amazingly the country with the highest percapita of millionaires)...

But it is impossible to win a war on low tax rate. You are right that few paid this high amount, yet marginal tax rates were insanely higher than today is and the rich ended up paying much more than today. Back then there was little concentration of wealth as we know them today. My post...

Well my opinion is that a high tax rate on the rich helps in the long term economic development of a country. It would have been imposible to win WWII whithout such rates. And if we had lost the war we would be having this conversation in Russian. There was an article in the economics magazine...

A very savvy and informative post. Thank you.

The big bust was just a debt bubble still in the making. Taxes were cut but spending wasn't. More $$ in circulation creates a false sense of prosperity. Debt money its called and the champtions at explaining this are the Austrian Economics theory of business cycle.

Yeah we live in a world of proof. When I was in college doing my BS in Economics we were told how virtually economics was already a cooked caked. We had figured almost everything there was to be figured about how the economy works. Well 2008 proved all that crap to be terrible wrong. I...

Well check again. I heard many Americans are leaving to find work worldwide. I might consider moving to Canada.

Thank you for this post. I love when I discuss with people as smart and knowledgably as you are. I only disagree a little with the 2nd paragraph. Many countries have tax rates and are one of most productive countries in the world. Countries like Canada, Germany, Sweden and Finland should be...

Well we are very familiar with excemptions. I agree with you on everything.

Under your advance knowledge of history and economics we would all be speaking Russian if such a high tax rate had not been implemented from 1940 to 1980. I cheer to you John. Dont become a John Doe.

And I agree with you. Those points you well mentioned also helped the US to flourish. I keep my posture that high tax rates on the top rich were a major contributor to the economic, political and military advances from 1940 to 1980.

As part of my morals I regard anyone intolerant and disrespectful to be unworthy of my attention and unable to hold a smart and intelligent conversation. Thanks for taking your time to read my post.

Ah I see. I need to write the WHOLE thing so it can be of your liking. I dont agree with the assertions made in the last 2 paragraphs.

From a military stand point the war was already won by the soviets when Americans landed on June 6 1944 at Omaha beach. Its not military history that worries me. Thank God we are still the No 1 in that area. Thanks for the advice. Not needed by the way.