francoHFW
Diamond Member
It did not help but that's the way it goes in let's have a bubble GOP eras. The main problem was allowing Wall Street to sell stocks with only 10% margin down. Ridiculous capitalist idiocy... Much like 2008... And you dupes blame Fannie and Freddie when Fannie and Freddie lost two-thirds of the market and it was all about private financial institutions and their Pals in the GOP letting them run wild...The tax rates and corrupt regulation that led to the Great Depression, you mean?The top rate for the richest was 70 80 90% before Reagan. Reagan brought it down to 50% and gave us the kiss of death of 28% just before he left. They used to use that money to invest in America and Americans. Now we've been falling apart for 35 years, ignorant dupe.They used to pay for other people's education when America was great in the 40s 50s 60s and 70s... Funny how we're now a wreck of what we used to be and it's getting worse...
Who used to pay?
Can you back that up?
Those taxes were imposed to pay for the world wars.
How much were tax rates before progressives?
Taxes before the war were 15%. To pay for the WWI they were increased to 67% and 77%. After seven years of "paying for the war", taxes were dropped to 25%.
You say that caused the Great Depression that started four years after taxes were dropped. True or false?