Reply #45: "Onerous" taxation? [View All]

[Lyric]

One of America' most prosperous periods was when the wealthiest Americans were taxed at a rate of over 70%. Of course, they all had lots of deductions and loopholes to get out of a big chunk of that tax bill, but they still paid a hefty amount...and prospered ANYWAY, along with the little people at the bottom of the economic ladder who did well right along with them.

Would you call that "onerous?" I think it's fair, myself. The top ten percent own 70% of the country's assets and wealth. They should pay at least 70% of their income in taxes, too. God knows our laws benefit THEM a thousand times more than they benefit us.