In response to:

It’s a Dead Heat in Arizona Senate Race

Denis3957 Wrote: Oct 05, 2012 3:02 PM
In 1946 the debt was 120% of the GDP, It went straight down to about 32% in 1973. During this period 1946 - 1973 taxes on the Rich were much higher. Marginal rates were at least 70%; they were 93% under Eisenhower. The economy was better than what we now have. For example, median wages went up 3 times as fast as since 1973. CEO's earned 50 times what their workers earned; it is 500 times today. Staring in 1973, the percent of wealth and income taken by the richest 10%, 1%, and 0.1% has gone up at an ever increasing rate.
Denis3957 Wrote: Oct 05, 2012 3:03 PM
Since 1900 the periods with the lowest marginal rates were the years leading up to 1929 and 2008. These were also the periods when economic inequality and speculation were the greatest and they led to disaster. When tax rates are high, since rich people hate to pay taxes, they leave their profits in their companies, pay their workers more, improve their means of production, and perhaps even hire more, but when rates are low, they take them out and ... speculate!

As we all know the election is just a month away and it is time to look at the Senate races that could affect which party will control the Senate. Arizona is looking like a toss-up and it’s important that you are up to date on everything that is going on there. We have a close call between current U.S. Congressman Jeff Flake and former Surgeon General Richard Carmona. In what has been a traditionally red state, Arizona has been shifting a bit lately, and has moved more to the center. With the polls showing the race so tight, it may...