Quote:
Originally Posted by tony286
Unions are now less than 7 percent of the work force. Back in the good days when one person could work and raise a family. In the 50 and 60's unions were almost one third of the work force.
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Interesting thing about the 50's and 60's, - by any measure the time of greatest American prosperity - the highest marginal tax rates were between 70-91%.
I bring that up because of the biggest economic lie of the last 30 years, trickle-down/supply-side economics. The general idea is that high tax rates stifle potential employers from starting businesses, hiring people and generally growing their businesses.
Sky-high tax rates certainly didn't hamper us during our heyday, and we now have 30 years of data that shows 'trickle-down' to be so much bullshit.