UK 50% top tax rate results in lower revenue. Seems the UK’s raaaaacists capitalists are expending more effort avoiding taxes (like docking their yachts in “Road Island”?) instead of making money. Who knew? Well, Obama did. In 2008, he said it wasn’t about revenue, it was about “fairness”. Class warriors don’t care if everybody gets poorer as long as nobody gets richer.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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