But there's no income inequality

[Jim in CT]

Originally Posted by PaulS

Posted from my iPhone/Mobile device some of the biggest economic expansion we've ever had was when the tax rate was 70%. were we a socialist country when we had a 70% tax rate?

no one paid those rates, there were all kinds of ways around it. those were published rates, they weren’t the practical, effective rates. and again, that was after WWIi and we were the worlds
manufacturer. we aren’t anymore, and the shift has been brutal for the
middle class. it has very little to do with the wealthy, and everything to do with globalization. can’t fight that with tax rates on the rich.
Posted from my iPhone/Mobile device