Originally posted by GeneV We had something like that. High tax rates on upper incomes with lots of tax credits for buying business equipment and hiring people in the U.S. It was multiple pages long, and soooo complex that our lawmakers in the 1980's just had to get rid of it.
HIGH taxes on personal income and LOW taxes on business is a fairly good "stick" to "encourage" the lazy 1% to invest in the little people..and if you make it "fair and balanced" or "acrross the board" it doesn't have to be looooooooong..... Of course if you include high capital gains tax you do hurt the companies that feed off it.. such as Wall Street, Banks and insurance companies...