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kurtcagle

(1,601 posts)
2. One interesting thesis I read a few years back
Thu Jun 25, 2020, 09:00 PM
Jun 2020

raised the thesis that the Depression was needlessly extended due to the refusal of companies to limit dividend payments rather than invest that money into jobs and R&D. This served to keep money moving only at the very top of the economy rather than distributing it widely, increasing the overall velocity and helping small to intermediate companies to survive and expand. Roosevelt's response after this was to raise taxes on the upper class to 90%, something that actually provided enough juice to help when the US entered the war against Japan.

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