Why do people vote against raising taxes on someone whose yearly income is 500, 600 or more on their income? Most if not all of those super rich make their money from someone else’s labor by reducing the number of workers. Some of these people make one or two hundred million a year, yet lower middle class people who make 40 to 50,000 are against taxing those billionaires more than they are taxed.

            In covering all the bases, the Congress raises the taxes and puts in so many loopholes and ways to dodge paying any tax that the higher rate is meaningless. That’s how the super rich get away with seemingly higher rates than the middle class but pay less, sometimes zero!             During the greatest growth period in this country, taxes were twice what they are today. Reducing taxes sounds great but it is actually counter-productive. Interest rates are much more important to a thriving economy. An example is Reagan’s economic plan. When he took over, the prime rate was high and got higher so Reagan reduced taxes by 30 percent. The budget bled red ink. Interest rates were reduced but the economy didn’t respond much. When the rates on the rich were increased the economy took off. It sounds odd, but it is economic history.