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Entry: Responding to My Respondents Link: http://www.takimag.com/blogs/article/responding_to_my_respondents#23658 Post contents: Mr. McGinty you are wrong:high marginal taxes stiffle wealth creation. I got rich in the eighties because of those low rates gave me an incentive to expand my business.It rewarded people who worked.I hired far more people at high wages because the government wasn't stealing all my capital every year.The lowering of marginal rates, which we started here, led to booming economies all over the world. Ireland and Britain are 2 of many examples. President Reagan did not hurt poor people. His program gave millions of people a chance to advance by keeping their own money.He never forgot his roots in poverty.Reagan made most of his money under punishing tax rates of 90%.The rich already have the money nobody can advance with those high rates. There were many foreigners on my campus in the 1960's. They were brought there by liberals who stole the taxes of working people to subsidize their fantasies. Reagan had nothing to with that. All high taxes do is enourage waste and mismanagement.The lower the taxes the richer the people.By the way I lost most of money in the nineties. Thats the way it is in life up and down. The Bush and Clinton gang protect the government and the rich at the expense of everyone else. The average advanced because he had more money to spend and inflation was low. All this great work was squandered under the Bush and Clinton and the great peace dividend was wasted on war and government. Sent at: 2008 08 30