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To: karpov

It was a long time ago, but I seem to remember Jimma’ Carter
got himself elected by promising to ‘get the rich’.
When pushed to define what ‘rich’ meant, he, off the cuff, stated something like 13K a year income. After, his handlers got control, he had boosted that to 19K. (mid-seventies dollars, remember) The press was happy to spin things nicely for him. When he got in, everybody paid more.
Say what they need to say to get elected. After that, all bets are off.


8 posted on 11/19/2019 7:30:09 AM PST by ArtDodger
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To: ArtDodger

Yep, I remember tax increases during the Carter years.

I recall that Carter pushed through an increase in Social Security taxes. Carter declared at the time that Social Security was now on a sound financial footing for the next 75 years.

The only problem was, his prediction was about 70 years off, because early in the Reagan administration, we saw Social Security becoming insolvent. Under Reagan, we saw a sharp series of tax increases and retirement age increases being legislated, to “save” Social Security for the future. And this got us to where we are now with Social Security.


10 posted on 11/19/2019 7:34:05 AM PST by Dilbert San Diego
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