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Response to DanieRains (Original post)

kurtcagle

(1,601 posts)
3. And the rich HATED him
Mon Dec 28, 2020, 12:03 PM
Dec 2020

FDR was considered a class traitor by the wealthy, to the extent that they have been trying to overturn his legacy for the last eighty years.

Demsrule86

(68,348 posts)
4. That is not true...Roosevelt was target of a coup by very wealthy men and was branded a
Mon Dec 28, 2020, 12:07 PM
Dec 2020

socialist...read up on it...running on raising taxes is never a good idea politically although in terms of policy, we need to fix the inequality by raising taxes after we win. Most folks believe that any raise in taxes will hurt them...

Walleye

(30,721 posts)
5. It's a false narrative that it destroys rich people's incentive to make money By taxing them.
Mon Dec 28, 2020, 12:20 PM
Dec 2020

Greedy people are going to try and get as much money as they can even if it means high taxes. The overall economy improves when rich people get taxed more. And a higher minimum wage does not cause higher unemployment.

MichMan

(11,787 posts)
11. I think it should be 50 % on anything over $200k, 70 % above 500K and 90% on anything over $1 mil.
Mon Dec 28, 2020, 07:42 PM
Dec 2020

Zero deductions of any kind allowed. No mortgage interest, SALT, nothing.

WyattKansas

(1,648 posts)
12. Years ago when the wealthy were taxed...
Mon Dec 28, 2020, 08:44 PM
Dec 2020

It's not that they actually paid those high percentages that so many people gasp at and feel is unfair... The government was forcing them to invest the money back into the economy by investing in America and the American People to retain ownership of that wealth. Wealthy name foundations did not magically appear back then on their own. Once people really understand that it forces the wealthy to invest in America and the American People while keeping ownership of their wealth, they finally really understand how the wealthy have been screwing this country for decades. And why Funds popped up on Wall Street to screw the lower classes even more.

roamer65

(36,739 posts)
13. At least tax them at 1982 rates of 50 percent.
Mon Dec 28, 2020, 08:46 PM
Dec 2020

It would be an improvement over the travesty we see now.

Wounded Bear

(58,440 posts)
15. Actually, it was to pay off the huge debt racked up in WWII and the Depression...
Mon Dec 28, 2020, 08:52 PM
Dec 2020

Back when the gov't was a little more fiscally responsible.

We do need to increase marginal rates on the wealthy, but no need for confiscatory rates.

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