Admiral Rockwell Tory
Diamond Member
Similar pessimism was expressed in anticipation of FDR's Presidency. What was not expected was the successful effect of the forthcoming 97% tax rate on the super-rich which facilitated the WPA and CCC make-work programs, which redistributed the Nation's wealth resource, which in turn gave rise to the thousands of new businesses and industries in response to the revitalized consumer demands. It resulted in the most prosperous decades in American history -- the late '40s to the early '80s.They would be hard working and not prosperous after paying for all of the items on Bernie's wish list!
If Sanders does the same thing and puts the unemployed to work rebuilding the Infrastructure we will see the end of wealth stagnation and a revitalization of the Middle Class.
FDR did it. So did Eisenhower. Sanders can do it, too.
Oh, my God! Another socialist that failed ECON 101 and American history also!