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+--- Thread: CONS: Did you know that your Glorious 1950s White Christian USA Paradise was paid by taxing the rich at 90%+? (/thread-56924.html)
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- Johnny Sokko - 01-23-2013 09:40 AM
Okay, why don't YOU look up "marginal tax rates"
Or are you under the impression that a person who made a million dollars forked over $900,000 to the government?
- sillypot889 - 01-23-2013 09:40 AM
We have been a socialist country for a century maybe even longer, many refuse to accept it.
- VoteVoteVote - 01-23-2013 09:40 AM
Ah, the 50’s. When union membership was high, when workers were treated like human beings, when a guy could have one working man’s job and have a house to raise his kids in and the wife could stay home if she wanted to. And a bunch of rich people still got richer.
The Republican party has sucked the life out of the middle-class in service of their real God - the filthy rich and their almighty dollars. It’s insane, and it’s wrong.
- Gerald Broflovski - 01-23-2013 09:40 AM
Did you know that nobody actually paid that much? Thanks to all the loopholes and deductions, most people paid a much lower rate.
- Greg0787 - 01-23-2013 09:40 AM
The United States could justify those taxes in part because 1) the world economy was devastated by WW2 and 2) the US essentially had no competitors in certain industries and 3) you weren't competing really with third world labor.
Let's be clear the United States right now has higher business taxes than Canada or many EU nations, but there are tons of loopholes riddled in your tax code.
And let's also be clear about this: Just because business taxes in Sweden are lower than in the US, doesn't mean they can't afford social programs and individual taxes that balance the budget and keep poverty low. Sweden is a highly competitive market economy, but progressive taxation on individuals funds the social benefits the society expects all individuals to be able to enjoy.
If I were you, I'd take a close look right now at Germany and a close look at France. Look at the governments of both. I personally believe France will be a mess coming up, and Germany will be fine. Hollande is making the grave error thinking that if he decides to tax French millionaires far more, they wouldn't opt to live instead in Switzerland or the UK. Well, they would, and that's what will happen.
- commish - 01-23-2013 09:40 AM
We didn't have a $16T debt and $83T in unfunded liabilities in the 50s.
- Crocoduck - 01-23-2013 09:40 AM
When Eisenhower taxed the rich at 90%, we had the best government in history. Eisenhower created the Interstate highway system with his taxes on the rich. Even today, we're still using the freeways that he built - only now, they're crumbling, and overcrowded. Today we tax the rich at much lower rates and we're too broke to do anything about the fact that what Eisenhower built is finally starting to crumble. Eisenhower also gave a speech warning about the dangers of the "military industrial complex" - something that rings so true today. He was the last good Republican president we've had, and probably one of the best presidents in US history.
Conservatives also like to ignore the fact that, in 1925 we gave the rich another huge tax cut and by 1929 the great depression started. FDR took office, rebuilt the middle class stronger than before, and ended the great depression by charging the rich tax rates as high at 94%.
History has absolutely no support for the right wing talking points about "jobs creators"
Clinton raised taxes on the rich and set the record for lowest unemployment in American history.
Then Bush took office, gave the rich a tax cut, and started the Great Recession. The consequences are the same as that tax cut that happened right before the great depression.