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<blockquote data-quote="double 07" data-source="post: 7924267" data-attributes="member: 637354">I never said we were a SOCIALIST country but from where I am standing we are damn sure headed that way......you are the one that mentioned how wealth redistribution is a good thing and I am just stating that it doesn&#039;t sound like a nation that is suppose to thrive on CAPITALISM...........Capitalism has lifted more people out of poverty than Socialism (wealth redistribution) EVER has!!.........now onto taxesOh and let me touch on the TAXES you brought up earlier......Yes tax rates used to be a lot higher but you are leaving out a key component of those higher rates, the deductions...When the tax rates were high there were tons of deductions people and businesses were allowed to take.....so the EFFECTIVE tax rate that everyone paid was LESS than it is now even though the RATE itself was higher....when almost all of the deductions were taken away and we went to a graduated tax rate system the EFFECTIVE tax you pay went up.........You probably ought to contact the school that taught you economics and tax policy to see if you can get your money back because you got ripped off.......peace</blockquote>

[QUOTE="double 07, post: 7924267, member: 637354"] I never said we were a SOCIALIST country but from where I am standing we are dam[COLOR=black]n[/COLOR] sure headed that way......you are the one that mentioned how wealth redistribution is a good thing and I am just stating that it doesn't sound like a nation that is suppose to thrive on CAPITALISM...........Capitalism has lifted more people out of poverty than Socialism (wealth redistribution) EVER has!!.........now onto taxes Oh and let me touch on the TAXES you brought up earlier......Yes tax rates used to be a lot higher but you are leaving out a key component of those higher rates, the deductions...When the tax rates were high there were tons of deductions people and businesses were allowed to take.....so the EFFECTIVE tax rate that everyone paid was LESS than it is now even though the RATE itself was higher....when almost all of the deductions were taken away and we went to a graduated tax rate system the EFFECTIVE tax you pay went up.........You probably ought to contact the school that taught you economics and tax policy to see if you can get your money back because you got ripped off.......peace [/QUOTE]

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