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Trueblue1968

(17,218 posts)
Wed Feb 16, 2022, 04:46 PM Feb 2022

Pres Eisenhower generated enough taxes to launch and complete the labyrinth of interstate highways,

Raise taxes on the rich

Eisenhower proved higher tax rates could work

President Dwight David Eisenhower, perhaps the last real Republican, had a 90 percent tax rate for the super rich during his administration.

Eisenhower explained it this way: The super rich could avoid the high taxes by investing their money in things that make America stronger. If they wanted to avoid high taxes, he said they could invest in business expansions and higher employee wages. They could give a million or two to tax-exempt non-profits that feed, house and clothe poor people of America, among other things.

They did some of that, but the Eisenhower years generated enough taxes to launch and complete the labyrinth of interstate highways, the largest road project America had ever seen and is needed again. https://apnews.com/article/alexandria-ocasio-cortez-archive-2184e9f18f6f4acca1ed007bdcdca818?fbclid=IwAR1twlEMKER47ka0VN_mnq_gTQ4SaTF2OvFZQ0jIoGPDXk5bIqzgCqtAE7s

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Pres Eisenhower generated enough taxes to launch and complete the labyrinth of interstate highways, (Original Post) Trueblue1968 Feb 2022 OP
Ike would be a Democrat today...and maybe even... brush Feb 2022 #1
Meh, the high taxes were actually FDR/HST taxes held over from WWII... Wounded Bear Feb 2022 #2
The wealthy are no longer willing to pay for the common good. Irish_Dem Feb 2022 #3

Wounded Bear

(58,653 posts)
2. Meh, the high taxes were actually FDR/HST taxes held over from WWII...
Wed Feb 16, 2022, 05:04 PM
Feb 2022

back when we actually tried to pay our bills. Kennedy was the first to start stepping them down as the debt from the WWII came into control.

Ike was the last "good" repub, but the high taxes weren't his. He WAS smart enough not to recklessly lower them during a time when we were paying down prior debt.

Irish_Dem

(47,053 posts)
3. The wealthy are no longer willing to pay for the common good.
Wed Feb 16, 2022, 05:06 PM
Feb 2022

They want to stick the ordinary people with the cost of finding our country. But they will use all of the tax payer funded courts and infrastructure to their heart's content.

They will also commit as many crimes as they wish.

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