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Is Obama's tax plan really equivalent to socialism?

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If you think taxing the rich is socialist, you need to take a look at the history of taxes for the top bracket. Over the last century they have paid as high as 90% on income over $350,000. Compare that with Obama's proposed increase from 35% to 39% and you'll realize the socialism argument is moot.

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Call it what you want by Nick van Nes on Monday, Nov 10, 2008 at 7:26:09 AM
Agreed by Brad Evans on Tuesday, Nov 11, 2008 at 2:58:31 PM