Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWatch how radically taxes on the wealthy have fallen over the past 70 years:
informative animation at link:
Link to tweet
6 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Watch how radically taxes on the wealthy have fallen over the past 70 years: (Original Post)
Qutzupalotl
Oct 2019
OP
Qutzupalotl
(15,743 posts)1. Notice how the burden is shifted to lower incomes over time.
SergeStorms
(20,202 posts)5. And the Federal Deficit.....
don't forget the Federal Deficit, you know the deficit the republicans really care about when there's a democrat as president. When the GOP controls the White House and at least one house of Congress, "deficits don't matter"*.
* Ronald Reagan
BigmanPigman
(54,811 posts)2. What will break this, a revolution by the masses?
I doubt that will happen in my lifetime.
KPN
(17,201 posts)3. Elect progressives. That will help.
roamer65
(37,852 posts)4. I've advocated returning them to the 1982 rate.
That may be too modest, but given the loss of deductions since then a 50 percent marginal rate would be more like 60 percent.
It would be adjusted for inflation and would be a good first step, along with capital controls to prevent the flight of wealth.
Jeffersons Ghost
(15,235 posts)6. K&R
