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High Income Tax Rates: 1921 73% 1923 56% 1924 46% 1929 24% WEALTH INEQUALITY PEAKS GREAT DEPRESSION
1945 84% 1955 81% 1965 70% 1982 50% 1993 38% 2007 35% WEALTH INEQUALITY PEAKS GREAT RECESSION
2016 39% 2018 #TaxScam 20%
WEALTH INEQUALITY PEAKED GREATEST ________ IN HISTORY..Comment -
Wealth inequality is a Marxist thing.
What counts in a free market economy is abundance of good paying jobs and rising wages.
No one cares how rich the rich get except the Marxist communism types.Comment -
It doesn't matter as much at the moment when the economy is OK. But inevitably the economy is cyclical and there will be leaner times. That's when greater inequality becomes highlighted and it can cause real problems between haves and have-notes. Yes, it matters. No one is saying everyone has to have equal wealth and nobody can be rich, but an ever-increasing and widening gap is not good for a society in the long-run. There are examples throughout history. It's not a marxist notion. And many smart rich people know this too and are concerned about it.Comment -
you really think that?
You don't think that people were just tired of all the incompetence and excuse making in Washington? The nation building in the Middle East with trillions of dollars while infrastructure at home is falling apart? What about the entitlement society mentality that government will provide you everything at the expense of hard working Americans? Perhaps the political correctness and affirmative action (reverse racism) which is like a cancer on society? Perhaps that people wanted law and order? Secured borders? Maybe they reject globalism and wanted a leader who will put them first for a change. America First? Maybe they want to keep more of their money? Maybe they were just tired of the endless excuses and fighting?Comment -
Dante a serious question;
Do you or anyone care how much the top 1% make if there is an abundance of good paying jobs and growing wages?
Personally I hope the 1%ers make gazillions. I want to be one. But for now I hope they smell opportunity and use their money in high risk ways that pursue new technology, products and services. I don't want to punish them, f\*\*k dude I want to throw them a parade. They are the engine, they have the money and I want the opportunity at the American Dream.Comment -
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George Soros shorted the market the night Trump won. A month later he had lost a cool $1 billion dollars before being forced to close out his short positions.
Even the smartest libs don't get it. We are making America great. No reason to fight it.Comment -
well here is what one R conservative admitted, and it is something common sense people have said since the beginning.
a pittance for hard working middle class Americans, even less for lower middle class Americans and a bucket of gold for people who need it the least. Oh and a wink and a nod for DT and his cronies. That is what it did. Did I mention the debt part.Comment -
Dante everyone knows this was mostly a corp tax cut and the bottom 10% of tax payers tax cut.
Even Obama said in the State of the Union we needed it. So that's 2/3's of it. The bottom 10% who pay little taxes now pay zero taxes and few crumbs for middle upper incomes but not much and increases at the top brackets as D2 continues to point out.
So paint it to whatever makes you feel the best but that's what it is.Comment -
You do not solve economic inequality by taxing the rich and giving it to the poor. Even if what you said was 100% true you still want to raise wages throughout the wage curve especially the bottom half. You don't knock the rich down or constrict them through high taxes because they are the engine to wage growth. That's one good thing about Trump, he gets it.
Liberals seem like they can not decide between free market system or a government mandated socialistic system. They want to superimpose socialist ideas on a free market system and that greatly slows economic expansion.Comment -
dude you are another dumb ass that doesn't know the definition of liberal. I was a republican until they allowed all you log cabins in. Not that I have a problem which way you roll. Just be honest. Does your wife know you are a log cabin?Comment -
Trump must think like his daughter and or vise versa thinking cutting taxes means more money to spend at will.
Trump signing the tax plan, then right after spending 400m on missiles. Now wants to do infrastructure which will be
a major cost. Not to mention the wall, while his buddies in congress will be gutting the programs that help education,
seniors and the poor, but hey, the working man will get $7.50 a week extra in his pocket.
Last edited by rkelly110; 01-01-18, 12:38 PM.Comment -
This is a liberal talking point and totally dishonest and offends peoples intelligence.
Obviously you say some stupid extreme liberal stuff but do you actually believe taxes have been raised on the middle class and those taxes will be redistributed to those in the 1% bracket?
If you actually believe that than you may be clinically retarded and I'll give you a pass. If you know it's false then why do you say it?Comment -
From what I hear infrastructure will be done though privatization. Which more than likely will be paid for by the same people who just got massive tax cuts.Trump must think like his daughter and or vise versa thinking cutting taxes means more money to spend at will.
Trump signing the tax plan, then right after spending 400m on missiles. Now wants to do infrastructure which will be
a major cost. Not to mention the wall, while his buddies in congress will be gutting the programs that help education,
seniors and the poor, but hey, the working man will get $7.50 a week extra in his pocket.
https://www.yahoo.com/finance/news/u...-business.html
So instead of taxing for infrastructure Trump is just turning it over to the rich & corporate to make a profit from it. Its a double fuk you to working people, as you will have to pay tolls for roads & more for everything like water.
Just another move in the corporate take over of the country, the government & its people.
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Every time you hear a lib say "from what I hear" you know it is fake as a $3 bill. You didn't a thing that makes sense. Obviously we are NOT raising taxes to do infrastructure.
Trump is going to insist those that benefit from a project in their community put some skin in the game. That's where the rub will be. Dems like always want to spend tax dollars like drunken sailors. So if you want a new harbor in Houston Trump will put up about half and the state and city will put up half.
I doubt it gets done.Comment -
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83 percent of the the tax cuts go to the top one percent.
This is math, not facts, not debatable. I feel ill need to say that on advance to some of you on here.
Tell me how giving millionaires more money in their checking accounts creates jobs, educates people and moves more industry and middle class jobs to our cities?
Right. It doesn'tComment
