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So I guess what the US needs to do is be more like it's self in the 50's and 60's and get that tax rate on the rich back up 90%
Another excellent idea, I'm sure that will work really well, especially when you consider that very little of that 90% was actually paid. You see the maximum that any government has been able to get out of any economy is about 19%
So I guess what the US needs to do is be more like it's self in the 50's and 60's and get that tax rate on the rich back up 90%
And in a time where a really nice house in really nice areas could be had for $60k, the people who were paying those 90% taxes actually were "rich." My grandmother paid $8k for her house in Ft. Lauderdale in the 1950s. Now those same people need to make hundreds of thousands of dollars a year in order to even have a home in many desirable areas. People could work a summer job and pay for college. Now, we have to take out hundreds of thousands of dollars in student loans. Kids mowed lawns to buy their first cars. Well, we can't have that! I worked a part-time job in high school. Made $3.35 an hour. I worked three hours to fill up my gas tank on my Jeep Cherokee. How many hours must a minimum wage worker work now? It wasn't all that long ago that $75 was two weeks of groceries. Remember when you could break your leg and not have to kill yourself when the ER bill came in?
We ARE already paying a 90% "tax" in the form of increased prices (on basic necessities like food, housing, energy, health care) that now represent an absurd portion of everyone's incomes. Except in this case, it doesn't affect the billionaires much... However, it much more heavily affects every wage earning person in this country. Increased prices against flat wages are the cruelest tax there is.
A little known fun fact is that slaves were paid 50% of the farms net income.
Point is that today's denizens net less than the slaves in the 1800s.
Enter Bobby, that can't be right 5,4,3,2,1
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