General Discussion
In reply to the discussion: Night after night I get angry at having to hear the Big Fucking Lie [View all]Cosmocat
(15,406 posts)the simple math has shown that at these upper income rates and lack of regulation, wealth REDISTRIBUTES at the top and STAYS there.
The economy did well in the 90s, and that is with an upper rate of about 39%.
Let it get back to that level at least and get the proper regulation in place and let's see how things look after a half decade or so.
But, in the bizarre world that is American policy/political discussion, the neo-liberal economic model that was instituted when Bush II got power, cutting the top rate to historical modern lows and the dividend rate to historical modern lows with little regulation that left the current economic abyss, we need to DOUBLE DOWN on all of that because ...
Well, because republicans scream it at the top of their lungs and the "liberal press" acknowledges it as fact.