General Discussion
In reply to the discussion: "If We Did Not Share in the Prosperity, Why Should We Have to Share in the Sacrifice?" [View all]on point
(2,506 posts)We should be discussing not a 49.6 % interest rate, but a 70% interest rate, at least until they pay down the debt run on their behalf. Then perhaps bring it back down to 50% once the debt is paid down to zero.
Oh and strike an international deal among the OECD to raise all their tax rates to 70% so there is no way to play one country against another like the rich try to do. ( or impose a major serious tariff if the country is run by supply side wing nuts - Britain)
Note the conservative argument is never the tax rate is to high on its merits, not it is is 'uncompetitive compared to other countries'.
So take away that argument and make it high and expensive world wide. The wealthy have been bleeding people in other countries beside the USA...