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Taxing the rich and what can be learned from the 1991 yacht tax
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<blockquote data-quote="wkmac" data-source="post: 853969" data-attributes="member: 2189"><p>Yeah but looking to deep is where you most often find the real truth! But regardless, a republican President signed the luxury tax into law in 1990', vetoed an attempt to repeal it in 1992' (HR.11) but then in August of 1993', a democrat President signed into law the repeal act which did away with it. </p><p></p><p>Opps! There I go looking to deep into the matter again. Besides, if now we put the monkey on Obama's back for the bad economic outcome now (and he does deserve a lot of credit) the consistent thing to do is maintain that standard and hold President G.H.W. Bush accountable to the same level!</p><p></p><p>Could you explain to me why a rich man would want to "tax the rich" if not to help out someone for purely business manipulation results using central planning means? Are you suggesting Bush 1 and the other republicans who vote for the The Revenue Reconciliation Act of 1990 were driven by rich envy and rich hatred?</p></blockquote><p></p>
[QUOTE="wkmac, post: 853969, member: 2189"] Yeah but looking to deep is where you most often find the real truth! But regardless, a republican President signed the luxury tax into law in 1990', vetoed an attempt to repeal it in 1992' (HR.11) but then in August of 1993', a democrat President signed into law the repeal act which did away with it. Opps! There I go looking to deep into the matter again. Besides, if now we put the monkey on Obama's back for the bad economic outcome now (and he does deserve a lot of credit) the consistent thing to do is maintain that standard and hold President G.H.W. Bush accountable to the same level! Could you explain to me why a rich man would want to "tax the rich" if not to help out someone for purely business manipulation results using central planning means? Are you suggesting Bush 1 and the other republicans who vote for the The Revenue Reconciliation Act of 1990 were driven by rich envy and rich hatred? [/QUOTE]
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Taxing the rich and what can be learned from the 1991 yacht tax
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