Dad2three
Gold Member
"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."
THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider
The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.
Wealth And Inequality In America - Business Insider
Why didn't Obama raise taxes to 90% to usher in a new era of Socialist prosperity?????
8 years of Dubya/GOP governance had US on the edge of the cliff for nearly 5 years?