Reject Third Way propaganda, *especially* now.

[AgingAmerican]

200. I agree completely

Last edited Mon Nov 12, 2012, 04:25 PM - Edit history (1)

The top marginal rate under Eisenhower was 92%. This applied to those making today's equivalent of 2 million dollars a year and up. Instead of taking their profit out as income, they would reinvest it in their business and take it out later as equity loans, which their business would pay off. This led to phenomenal growth. My dad told me that jobs were plentiful back in those days. We had 30 years of unprecedented growth and economic stability up until Reagan ended it.

Now they encourage hoarding their money, like Romney does by hiding it in offshore accounts. This drains the economy and concentrates wealth in the hands of a few.

My previous statement was in reference to the Bush tax cuts.