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Billy James Hargis warns of Kennedy's "liberal associates." http://www.youtube.com/watch?v=4ssybQg1ZAY This Tea Party preacher was with us some 50 years ago. Here's some tidbits from his speech. "For Christ and against Communism." "ominous warnings for a sleeping American public" "deadly enemies of the American people close in for their final stages of encircling our nation." "enemy nations within intensify efforts to chip away the foundations upon which American freedom rests." "more and more voices call for the SURRENDER OF OUR NATIONAL SOVEREIGNTY to some type of world authority." (where have I heard that before?) Ooh la la.....and some 50 years ago from today!
A conservative says, "liberals invoke God, charity, and the teachings of Jesus in an attempt to further their agenda, fail to recognize the difference between individual responsibility and the proper role of government and try to merge the two and have the government act as individuals and/or churches." Conservatives want to replace science with Intelligent Design in America's curricula.
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!
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.
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!
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.
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!
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.
In response to:

Obama's Foreign Policy Follies

saawshank Wrote: Oct 03, 2012 8:38 AM
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!
In response to:

Obama's Foreign Policy Follies

saawshank Wrote: Oct 03, 2012 8:37 AM
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.
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!
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