Quote:
Originally Posted by DTK
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.
|
Yep and you had public college that was free. Andy Grove came out of public college. We had one of the greatest school systems in the world. During trickle down, debt became cheap and easy. So it gave people the illusion of having more when wages have been flat for 30 yrs. In real dollars a man college educated in his 30's makes less now than he did in 1982.