General Discussion
In reply to the discussion: Boehner asks what he gets for $800b. Obama: "You get nothing." [View all]bvar22
(39,909 posts)...stated that the RICH had a Patriotic Duty to help pay down the War debt from WW2 (which IIRC, was an even greater percentage of the GDP than now).
*He set the Top marginal rate at 91%
*Minimum Capital Gains were +25%
*undertook MASSIVE Government Spending Programs targeting the Working Class
(JOBS, Infrastructure, Housing, and Education).
These 3 things combined to produced the Largest, Wealthiest, and MOST Upwardly Mobile Working Class the WORLD had ever seen,
AND sparked an Economic BOOM that generated enough REVENUE to Pay Down the Deficit in 15 years.
JFK then lowered the Top marginal rate to 71%.
I don't care WHAT Fox News says,
[font size=3]Lets try THAT again![/font]
[font color=firebrick][center]"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone [/font][/center]
[center]
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[font size=1]photo by bvar22
Shortly before Sen Wellstone was killed[/center][/font]
You will know them by their WORKS,
not by their rhetoric, promises, or excuses.
[font size=5 color=green]Solidarity99![/font][font size=2 color=green]