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[90-percent]

69. My nostalgia for the fifties

Is due in great part to being born in 1954 and being part of my middle class white American nuclear family.

So my conclusion is that the 50's were quite good with distribution of wealth for white males. CEO's were not $80,000 a day sociopaths oblivious to the lives they ruin in the name of maximizing profit above all else, like today.

Thom Hartmann's explanations of progressive taxation and the principles and benefits are clear. When the top tax rate was 90%, it was pointless for CEO's to maximize their personal wealth above all else. It would be irksome to pay 90 cents to the government to gain an extra ten cents of salary. So the 50's CEO's took their profits and re-invested it back in the company, resulting in shared prosperity for the workers of the CEO's company. Now we have a tax system that incentivizes hollowing out and trashing companies and workers and extracting as much as possible from everything in sight, even if you have to move to another continent with lower wages to do it. CEO's in the 50's made 40 times their lowest worker, now it's over 400 times.

The points here about 50's nostalgia are all pretty valid in my book, but I do wish this country TODAY was run by the blueprint of the 1956 REPUBLICAN RESIDENTIAL TICKET! http://www.presidency.ucsb.edu/ws/?pid=25838

At least in economics and the white middle class the 50's were pretty good, probably thanks to all the FDR progressive policies American's had not yet been taught by media such as Fox News to hate.

And I"m a life long drag racing fan and there's nothing more 50's than hot rods and dragsters! It's so cool one of the few segments of the drag racing sport that is growing is nostalgia nitro front engine dragsters and Funny Cars!

-90% jimmy