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Diamond Member
- Aug 18, 2015
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Almost nobody paid the 90% rate. Another libtard lie.It's the fact, undisputed, that your redistribution system only creates wealth for the political leadership. Are you a political leader in the Socialist democrat movement?
Where was this fact proven?
Here's the thing. We had it right for a while.
After the New Deal, but before Reagan, we had it right. The rich paid confiscatory taxes, when they died, their heirs did not inherit all of their wealth, just some of it. 33% of workers belong to unions and fair wages were the norm. During this time, we built fantastic infrastructure projects, we had an economy that was the envy of the world, we had a real, honest to God functioning middle class.
And then the Republicans fucked it all up.
You have no idea WTF you're talking about. First off, the Republicans warned of the dangers unions were giving this country. Jobs have been moving out since the 70's, mostly because of taxation and unions. What Republicans wanted to do is see that stopped or slowed down. The Democrats wanted to put the movement on super charge.
The glory days which you describe was nothing but a bubble, no different than the housing or tech bubble. All bubbles burst. They don't last forever because it's impossible.
During the 80's and after the recession, people became more frugal in their purchases. We went from buying quality made American products to cheap foreign products. It had nothing to do with Reagan or the Republicans, it had to do with the American consumer and still does today.
eisenhower was pro union AND the corporate tax rate was 90%... & it was one of the most prosperous times in america.
ya ya, i know about the 'effective' tax rate. there weren't nearly as many loopholes or offshore 'headquaters' back then & because big corp had the choice to pay it or roll it back into overhead, upgrades, & worker salaries. which they did.
you think they are even paying that amt after donny's last cut down to 20%?
lol!!!!!!!!!!!!!!!!