Reagan declared war against labor and there is an ongoing campaign to break unions and drive labor costs lower. Notice your own friends here making judgements about who is overpaid and they don't even know what they do and what they are paid for it. You guys are pretty much sure that everyone is overpaid other than you and the other tychoons.
Those that were vigorously avoiding the 70% tax rate are still avoiding the 35% tax rate. They are buying legislation that favors them with out and out bribery. You do know about 15% capital gains rates while the working stiffs pay 15% in payroll taxes alone on top of their ordinary income tax rates.
I find it Ironic that farmers rejoice when a businessman succeeds and applaud that Bill Gates and Warren Buffett can make huge wealth. At the same time are disgruntled at the laboring man that get a decent wage and benefit package and oppose any legislation that would offer improvement to the working class.
I wonder how labor got to be your enemy when they are your best customer for food and fiber. American business thrives when they have customers with money. You folks seem to thinkl that oppressed workers are good for business and the economy. I can't follow that tyoe of thinking.
BTW the &0% tax rate and the 35% tax rates are only on the upper portion of their income and only if it is earned income. Alot of those folks have much of their income in capital gains which is not taxed as ordinary income or subject to payroll taxes.
