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Would you like to see a prosperous America, just like the one we had in the 50's and 60's? I sure would. But after doing plenty of research, I have to say the Republican ideology is simply NOT going to achieve this. Ever.
The policies of FDR and his New Deal was what made the U.S. the envy of the world. His policies actually led to a true widespread middle class society, with some poor and rich households here and there. How did he achieve this? He sharply increased taxes on the wealthy. In fact, at one time, the highest tax rate was 91% for the wealthiest earners. Trickle down economics don't work as well as Republicans want you to believe.
I think Obama needs to be more aggressive at taxing the rich, otherwise we are doomed as a nation. I just don't see how we are going to have the tax revenue to pay off the debt and move forward with other projects. Something's gotta give. I mean, even with a 91% tax rate, someone who earns $1 billion a year, such as Warren Buffet, would be left with a whopping $90 million AFTER taxes. Who seriously needs or wants more than that to live happily?
If a Republican is elected, god help us. We can't afford to have anymore tax breaks for the wealthy.
Would you like to see a prosperous America, just like the one we had in the 50's and 60's? I sure would. But after doing plenty of research, I have to say the Republican ideology is simply NOT going to achieve this. Ever.
The policies of FDR and his New Deal was what made the U.S. the envy of the world. His policies actually led to a true widespread middle class society, with some poor and rich households here and there. How did he achieve this? He sharply increased taxes on the wealthy. In fact, at one time, the highest tax rate was 91% for the wealthiest earners. Trickle down economics don't work as well as Republicans want you to believe.
I think Obama needs to be more aggressive at taxing the rich, otherwise we are doomed as a nation. I just don't see how we are going to have the tax revenue to pay off the debt and move forward with other projects. Something's gotta give. I mean, even with a 91% tax rate, someone who earns $1 billion a year, such as Warren Buffet, would be left with a whopping $90 million AFTER taxes. Who seriously needs or wants more than that to live happily?
If a Republican is elected, god help us. We can't afford to have anymore tax breaks for the wealthy.
Nope, Reagan lowered the top marginal rate from 70% to 28% and tax revenue went up!
Would you like to see a prosperous America, just like the one we had in the 50's and 60's? I sure would. But after doing plenty of research, I have to say the Republican ideology is simply NOT going to achieve this. Ever.
The policies of FDR and his New Deal was what made the U.S. the envy of the world. His policies actually led to a true widespread middle class society, with some poor and rich households here and there. How did he achieve this? He sharply increased taxes on the wealthy. In fact, at one time, the highest tax rate was 91% for the wealthiest earners. Trickle down economics don't work as well as Republicans want you to believe.
I think Obama needs to be more aggressive at taxing the rich, otherwise we are doomed as a nation. I just don't see how we are going to have the tax revenue to pay off the debt and move forward with other projects. Something's gotta give. I mean, even with a 91% tax rate, someone who earns $1 billion a year, such as Warren Buffet, would be left with a whopping $90 million AFTER taxes. Who seriously needs or wants more than that to live happily?
If a Republican is elected, god help us. We can't afford to have anymore tax breaks for the wealthy.
Congratulations! You win most fallacies for any single post ever made. Not just C-D. Anywhere!
Actually the fact that the rest of the industrialized world was pretty much destroyed during WW2 is what led to post WW2 prosperity.For many years after the war we were the only ones with the infrastructure in place to make anything....you need to do some more research.
Actually the fact that the rest of the industrialized world was pretty much destroyed during WW2 is what led to post WW2 prosperity.For many years after the war we were the only ones with the infrastructure in place to make anything....you need to do some more research.
I'm just basing my facts on a book I am reading by Paul Krugman. Calm down.
I'm just basing my facts on a book I am reading by Paul Krugman. Calm down.
I'm really pretty calm.Internet discussion forums have never and will never be a threat to my blood pressure...I have a wife for that.
Books from different and differing sources and viewpoints are good.I actually learned a fair amount about the subject a few years ago helping my son research a high school social studies project....keep reading and learning.
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.Internet discussion forums have never and will never be a threat to my blood pressure...I have a wife for that.
