Posted on 10/09/2010 10:42:15 AM PDT by mainestategop
Im preparing to write an article about Liberal myths and lies concerning Bush Reagan and Obama and I keep coming back to this claim that liberals have been making on youtube and several other places that in the 1950s taxes on the wealthy were at an all time high and our economy was flurishing. Any old timers from that bygone era care to comment? Has anyone heard this?
It’s the Golden Rule. (He who has the gold.....)
It’s true no matter the economic system you’re living under. Only the medium of exchange differs.
A liberal co worker hit me up with this crap yesterday.
the answer which requires some thought to understand; the 91% rate came with mountains of deductions for cars, bar tabs, etc that made it a hollow joke that no on actually paid.
The “bumper sticker” answer - I’m fine with taking income tax rates back to 1950’s levels if the spending (especially on entitlements) is also adjusted back to 1950’s levels.
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