Monday, August 29, 2011

Are They Crazy?

A group of some of the wealthiest Germans are asking Angela Merkel to put a stop to the growing disparity between rich and poor in Germany. They believe they should be taxed more heavily. They’re already taxed at 42%, but they say they have more money than they need. Can you imagine that happening here? Me neither.

Immensely wealthy people in the United States paid taxes at up to 90% from 1945 – 1960. And they still had more money than they needed. But now, people in that same bracket are taxed at around 35%. Not that they probably pay that much after loopholes and offshore holdings.

Source: UK Guardian

....but hey, do what you will anyway.

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