I think it was Jon Stewart who worked out that if you took half the income from all the working poor in America, you'd still have less revenue than you'd get if you raised the top tax rate to the levels we saw during the Clinton era. And that rate was itself much less than in the Reagan era. We had full employment in the 1950s, when the top tax rate on the wealthiest Americans (rebranded as "job creators" in modern propaganda) was well over 80 percent.
Saturday, September 24, 2011
Republicans want to tax the poor
I think it was Jon Stewart who worked out that if you took half the income from all the working poor in America, you'd still have less revenue than you'd get if you raised the top tax rate to the levels we saw during the Clinton era. And that rate was itself much less than in the Reagan era. We had full employment in the 1950s, when the top tax rate on the wealthiest Americans (rebranded as "job creators" in modern propaganda) was well over 80 percent.
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