Taxing families who should be wealthy into poverty is wrong and crazy.
And we need for Americans to be rich and powerful and to have a voice in the world. Our power does not come from our President, our power comes from our people, and we need for our people to be wealthy and strong and well educated.
There are families who are world famous who are poor now because the chief money-earners were over-taxed. They should have been wealthy, and they should have went to the best schools, etc, but it just did not happen. The Great Grandkids are working at fast food restaurants for other people with zero education and some have experienced jail.
They should have went to Harvard, etc, they should have had the best that America had to offer. And we want for Americans to be prosperous, and these are good Americans who have loyalty to America, they would not have sent all of the jobs to China like Bill Gates and others did. They would have created jobs in the USA for Americans.
If you hit the jackpot and become a huge star, you need to be able to make money to help your family for future generations, you want for your children to attend the best schools, and to be able to travel the world and have opportunities. If your Grandchildren end up on welfare and have to go to community college, then I would definitely say that the taxes were too high back then.
You want for your future generations to be Senators, etc. My Great Grandfather was Chief of Police of Denver, Colorado, those are the kind of jobs you want for your children to have and for future generations. And you want for future generations to be successful business people, etc. To tax people so high that their descendants end up on welfare and in jail is a crime. They should have all went to Harvard, etc.
Salute,
Tony V.