When we're talking about the economy, doesn't the difference between Republicans, Democrats and independents really come down to how much the party or individual is willing to re-allocate wealth through the taxation system. I realize there are other "controls," but that's the massive driver of the economy. Always.
It's interesting that many economists say peak social performance can really only be gained if the top marginal tax rate is somewhere between eighty-five and ninety percent.
I'm sure that sounds horrific to the rich.
F.D.R. wanted more. He wanted to cap incomes at 25k (350K or so, adjusted for today).
I remember when Reagan took the top marginal tax rate from 70 percent down to 28 percent. No wonder the one percent idolize that truly horrible man, that abysmally awful "leader" with astrological stars in his eyes and Book of Revelation prophecies determining his foreign policy.
You can find these figures thrown around again and again. I don't think it's always on partisan sites like this article here at Huffpo.
It's interesting that many economists say peak social performance can really only be gained if the top marginal tax rate is somewhere between eighty-five and ninety percent.
I'm sure that sounds horrific to the rich.
F.D.R. wanted more. He wanted to cap incomes at 25k (350K or so, adjusted for today).
I remember when Reagan took the top marginal tax rate from 70 percent down to 28 percent. No wonder the one percent idolize that truly horrible man, that abysmally awful "leader" with astrological stars in his eyes and Book of Revelation prophecies determining his foreign policy.
You can find these figures thrown around again and again. I don't think it's always on partisan sites like this article here at Huffpo.
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