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View Diary: Conservative Exceptionalism (184 comments)

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  •  The Greatest Economy the World Ever Saw (0+ / 0-)

    I remember that time when America created the most dynamic economic engine the world had ever seen. A man could go to work for a decent living wage, with benefits like health care for him and his family, raise his kids , buy a house, take a vacation every year, send his kids to college and then retire in dignity with a good pension. We made the greatest technological advancements in history without subsidizing the research and development of corporations with taxpayer dollars, and raised the standard of living more than ever since the caveman crawled out from his cave.

    It was the period after WWII.

    WHAT WAS THE TAX RATE ON BILLIONAIRES THEN?????

    90%

    That's right.  Ninety Percent.

    Now, don't think that the Millionaires and Billionaires actually paid that to the Government.

    Heck NO!  They instead, decided to NOT take the loot.  Er, loot the place.  They had a real incentive to invest in America and American workers.  Those Job Creators.  

    Today the incentive is to TAKE THE LOOT and create jobs in other places like China, Brazil, India, Philippines, Sir Lanka, etc. in order to make as much PROFIT as possible without any regard for the country or people that live here.

    Then Ronald Reagan became President.  Tax cuts for the rich.  Deregulation.  Demonization of public workers. Take a look around.  Welcome to Reaganomics, the end result.

    How's that trickle down thing working out for us?

    •  And another point to your post... (0+ / 0-)

      the CEO's now  earn approx.  380x's the average pay of the company employees!

      In 1980- the rate was about 42x's.

      So, the CEO's and stockholders make shit tons of money and the worker gets screwed.

      FORWARD! Obama/Biden 2012

      by Esjaydee on Sun Nov 11, 2012 at 02:41:10 PM PST

      [ Parent ]

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