Originally Posted by E92_328i_Boston
75% top marginal tax rates by the socialist Hollande is sure to get France's economy going in the right direction. Doomed.
Free market capitalism is the only long-lasting and self-sustaining path to prosperity.
The government isn't the source of jobs or economic well-being.
I don't want to get into a political discussion or anything but just wanted to share a fun fact. During some of America's greatest prosperity (1950s and 60s) our top marginal tax rate was 95%. Meanwhile the 90s and 2000s were characterized by extremely low tax rates, some of the lowest of the century, and we can clearly see the financial prosperity that led us to...
The influence of tax rates on economic prosperity are complex and largely indirect, but high tax rates correlate strongly with strong economic performance.