I've never posted that I was entitled to anything, I just believe the rich should help out more in times of economic turmoil. Look at the tax rates after the great depression on the rich, and look at them now, don't think we will be getting out of this recession with such low tax rates on the rich. The rich made their money on a booming economy in the US, no one is entirely self made.
Here's some history :
TIMELINE OF GENERAL EVENTS
1920s (Decade)
Organized labor declines throughout the decade. The United Mine Workers Union will see its membership fall from 500,000 in 1920 to 75,000 in 1928. The American Federation of Labor would fall from 5.1 million in 1920 to 3.4 million in 1929.
By the end of the decade, the bottom 80 percent of all income-earners will be removed from the tax rolls completely. Taxes on the rich will fall throughout the decade.
By 1929, the richest 1 percent will own 40 percent of the nation's wealth. The bottom 93 percent will have experienced a 4 percent drop in real disposable per-capita income between 1923 and 1929.
1925
The top tax rate is lowered to 25 percent - the lowest top rate in the eight decades since World War I.
1929
Recession begins in August, two months before the stock market crash. During this two month period, production will decline at an annual rate of 20 percent, wholesale prices at 7.5 percent, and personal income at 5 percent.
1945
The top tax rate is 91 percent. It will stay at least 88 percent until 1963, when it is lowered to 70 percent. During this time, America will experience the greatest economic boom it has ever known.
So with your theory Coach low taxes are good for business, economy, people, this doesn't seem to workout in the real world.
