Thank you very much! I saw a 2 min clip, but I knew there was something missing from it. Thanks again. I’ll watch it in a few minutes.
I have to say though, that from the small clip I did hear, ala “We had growth in the 40’s. 50’s and 60’s” mentions nothing of the fact that at that time, nothing was similar to today. The U.S. was on a gold standard, much of the industrialized world’s manufacturing base has been bombed into oblivion, and we weren’t facing the regulation stranglehold on productivity we are now.
The clip I heard said only that high taxes weren’t correlated with stunted economic growth, but there appears to be a lot more to the conversation than that one segment. Thank you again for the link!
Also in the 40s 50s & 60s you didn’t have a lot of 2-income families. As more and more women have entered the workplace, there are more workers paying taxes but wages are probably lower too. Laura correctly points out that we have a spending problem, mainly due to entitlements. If they were raising taxes to pay down the debt that would be one thing, but they just want more money for more handouts.