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- Feb 19, 2002
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Wrong. Stupid, wasteful and excessive spending is the problem. The high tax rate on the rich is for show. Congress offers sufficient deductions so that no one ever has to pay that much.Lowering the upper tax bracket is the single largest contributer to our people's financial problems
The purpose of taxation is not to steal from the rich to give the money to the poor although our current system actually does that.
"Tax the rich" is the mantra of the ignorant. We could solve that problem by better educating our children in how Capitalism actually works.