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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.
How about some facts: All other industrialized countries have some form of universal government run health care. They get better care as measured by all 16 of the bottom line public health statistics, and they do it at 40% of the cost per person. If our system were as efficient, we would save over $1.5 TRILLION each year, and the deficit would soon vanish.
The new breed of Republicans in Congress care more about defeating Obama and protecting the wealthy than they do about the US economy and the jobless, not to mention global warming, the environment, etc. Dynamic scoring is a pipe dream and a subterfuge for any actual useful action other than giving gifts to corporations and the 1% that are now glorified as the job creators. Anything that doesn't fit into their scheme is categorized as class warfare. The media in general and Fox News at its most extreme are aiding and abetting the radical right by misleading voters into accepting the illusory promise of supply side economics, i.e. tax cuts for the rich are the solution to reduce the deficit and create jobs.
In response to:

Spotlight on Iran

saawshank Wrote: Oct 03, 2012 8:27 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:

Spotlight on Iran

saawshank Wrote: Oct 03, 2012 8:26 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.
In response to:

Cheap Politicians

saawshank Wrote: Oct 03, 2012 8:18 AM
Want to continue the failed "trickle down" economic theory? VOTE REPUBLICAN!
The 28th Amendment - Corporations are not people. They have none of the Constitutional rights of human beings. Corporations are not allowed to give money to any politician, directly or indirectly. No politician can raise over $100 from any person or entity. all elections must be publicly financed.
The 28th Amendment - Corporations are not people. They have none of the Constitutional rights of human beings. Corporations are not allowed to give money to any politician, directly or indirectly. No politician can raise over $100 from any person or entity. all elections must be publicly financed.
uh....I thought we have been at war with the Islamo-Fascists for quite some time now. Question to all my conservative friends out there; was Muammar Ghadaffi an Islamo-Fascist? Who here had heard of GWOT; the Global War ON Terror.......
uh....I thought we have been at war with the Islamo-Fascists for quite some time now. Question to all my conservative friends out there; was Muammar Ghadaffi an Islamo-Fascist? Who here had heard of GWOT; the Global War ON Terror.......
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