The top rate was even higher during the boom decades after WW2. Not that I would welcome high rates again... I remember well the articles from Steve Forbes and others that predicted gloom and doom after the Clinton tax hike. Many bet heavily against the stock market, shorting financials and tech, in 1994 and 1995. Of course, they were wrong.
On the contrary, elite traders do not worry that much about taxes, because they are confident they can always make more by increasing position size. Moreover, they are so grateful to be in such a wonderful business that they have healthy charitable contributions to help offset any taxes.
We just had a president that lowered taxes for wall street and let them run wild,and look at the outcome
Are you a dittohead? Do you not have an opinion on the over fishing of the ocean? Try to gather some courage and post your opinion of the over fishing issue. I'm assuming you are right 100% of the time since you can know that Rush is right only 99% of the time. You don't need to answer, I know some dittoheads and if you are like them you'll have listen to Rush's view before you can know what your view is supposed to be.
Hey, Dumbass- while you were cutting and pasting that link, did you bother to read it? Didn't think so. Answer me this: Who signed the bill? Go on, give it some thought- I'm guessing that you know that after congress passes a bill, it doesn't become the law of the land until the President signs it...now...Who was President in 2000? Is it even possible that you didn't know this? Are you so completely ignorant that you don't know that the Governor of Texas cannot POSSIBLY be responsible for federal legislation? Please, if you don't like the bill, or think that it's responsible for today's problems, then by all means, call out the people who wrote it, passed it and signed it. But don't betray your utter lack of sense by blaming THAT bill on a someone who had NOTHING to do with it. Please, smarten up.
Ok so Clinton sold out his party, now what. Whats more significant than who is what, that what is the republican belief that we don't need no stinkin regulation, let business alone to do what it wants. Well, they got what they wanted however and this is what the chest thumpin got us. You don't leave children alone w/o a babysitter.