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jmowreader

(53,006 posts)

19. John F. Kennedy did this to them

Reply to pnwmom (Original post)

Mon Oct 2, 2017, 11:55 AM

Oct 2017

JFK cut taxes on the top bracket by 20 points and the economy took off...so, doing it again should work fine, right.

Stop.

Kennedy curt the top rate from 90 percent to 70, which did two things: put a lot of money into the hands of people who still thought they had duties to their workers, and left a lot of money in the hands of the government.

The Laffer Curve says there is a perfect rate for taxes, and a rate below that will keep the government from functioning. Unfortunately, we went into “below that” mode in August 1981.

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"I helped create the GOP tax myth. Trump is wrong. Tax cuts don't equal growth." [View all] pnwmom Sep 2017 OP

Tax cuts do not grown the economy or pay for themselves Gothmog Sep 2017 #1

It depends, sometime there is a need for them but not constantly harping for them. Jim Beard Sep 2017 #2

There is never a reason to cut taxes on the wealthy and healthy, large corporations unless Eliot Rosewater Sep 2017 #3

FDR made a deal of sorts with HIS rich neighbors.......I am going to tax you 90% unless Jim Beard Sep 2017 #6

Reagan and his henchmen appealed to ignorant people who bought into the lie about Eliot Rosewater Sep 2017 #7

Exactly Mopar151 Oct 2017 #20

It is a great way to turn us back into a feudal society... HopeAgain Sep 2017 #12

Thanks for posting. EVERYONE needs to read this! Bradshaw3 Sep 2017 #4

Well, they do spur growth in CEO class incomes... Wounded Bear Sep 2017 #5

I have been able to keep this link for several years through several computer Jim Beard Sep 2017 #8

Good article. Thanks for sharing. pnwmom Sep 2017 #9

The for tax myth links! Beartracks Sep 2017 #17

thanks - been looking for something like that nt Locrian Oct 2017 #18

I have a simple solution maxrandb Sep 2017 #10

Only two presidents in my lifetime (I'm 64) Mr.Bill Sep 2017 #11

This is their game. Keep cutting taxes and if possible, try to shrink government They wish but Jim Beard Sep 2017 #13

Trouble is, they never shrink the government. Mr.Bill Sep 2017 #14

Exactly Jim Beard Sep 2017 #15

But now that politicians are funded almost entirely Nevernose Sep 2017 #16

John F. Kennedy did this to them jmowreader Oct 2017 #19