[Homer_J_Simpson]

I wasnt as cognizant of our govt’s workings during that era

I wasn't cognizant, period, during that era. Though I do remember something about a Grateful Dead concert . . .

[texanyankee]

LOL....I did keep somewhat up on Nixon, Ford & Carter....

[PeterPrinciple]

it has been so generally accepted by legislators that no more defense of it seems necessary to them than repetition of the ‘the ability to pay” slogan.

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Notice that comment and also the statement on taxation effect of leveling income.

Now to be honest on my part, I am not sure I completely disagree with that. Preventing concentration of wealth and power (they are one and the same) is important to retaining our liberty. I disagree in the use of taxation to do this. My method is more freedom and less regulation. Only the big boys can deal with the regulation.

Americans have always been free to move up and down the economic ladder but not as much anymore..................