Anyone that thinks these fascists running the country want to go back to the 1950s hasn’t been paying attention. They want to go back to 1850s, when women and minorities were second class citizens or not citizens at all and white Anglo Saxon Christian men ran everything.
They want to go back to a past that doesn’t exist except in their minds.
Don’t forget it took a democratic US president getting elected four times in a row to set up that tax rate. This tax status took about 30 years to fully reverse.
And once we did in 1983 the US government took in more not less tax revenue. Your top marginal tax rate can be too high and 91% was too high
The US government took in less total tax revenue in 1983 compared to 1982. Do you have a source?
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Anyone with a billion dollars should be taxed at 110%
That’s right folks, if you want prosperity, eat the fuckin rich
And the 50s were a horrible time for women!!
They said, posting on threads and supporting said billionaires prosperity.
post it to fedi and you’re preaching to the choir
Except that is entirely incorrect? It is almost solely because the USA was 50% of the world economy at the time. Restoring the top marginal tax rate to 91% will not return us to prosperity
It was a bit of a one-off because Europe was in rubble post war and lots of money flowed to the US.
