Gene Marks, who was once a poor black kid who climbed out of poverty through the use of technology, had another gem up at Philly Post last week. In summary: The rich are better and smarter than you and I. His main point seems to be that Mitch Romney will be a good president because he will cut taxes for rich people, which will bring the nation into a new age of utopia and rainbows.
A commenter named Peter1 notes that from 1936 to 1980, the highest marginal tax rate was 70 percent, yet the country still seemed to function, in many cases a lot more effectively than it does now.
Marks tries to rebut by claiming that state and local taxes didn’t exist back then, and that in total we are currently being taxed at a historically high level. He then states, “But the debate continues!”
As Peter1 points out with “all due respect,” state and local taxes did in fact exist before 1980, and overall taxes are not historically high, they’re historically low.
It’s not a debate when one side is basing his argument on the opposite of the truth.