90% Taxes. . . . .WTF?

According to Brad Wilmouth at newsbusters.org:

On Tuesday’s Larry King Live on CNN, a pre-recorded interview with Mick Jagger was shown in which the English musician talked about his decision to leave his home country in the 1970s to escape the 90 percent marginal tax rates of the time on high-income earners. After noting that he had made bad financial decisions in his earlier days of success, he recounted: "We had to leave England to acquire enough money to pay the taxes because in those days, in England, the high tax rate was 90 percent, so that's very hard. ... You made 100 pounds, they took 90. So it was very difficult to pay any debts back. So when we left the country, we would get more than the 10 pounds out of 100. You know, we might get 50 or something."

After King asked if he was "held in low regard in your mother country for leaving it," Jagger explained that, unlike in America, successful people are "resented" in most countries, including England. . . .

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Hey Mick where you gonna move when the tax rate here in the US goes up to 90%? Don't forget President Obama just stated last week "We’re not, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money." and he wants to "spread the wealth around". . . .

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To read the full article go to:
http://newsbusters.org/blogs/brad-wilmouth/2010/05/21/mick-jagger-recounts-fleeing-high-tax-rates-england-success-resented-