But there's no income inequality

[Nebe]

Originally Posted by Jim in CT

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.
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No one paid those rates because they reinvested the money back into the economy. Holy crap this isn’t rocket science.
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by Nebe

No one paid those rates because they reinvested the money back into the economy. Holy crap this isn’t rocket science.
Posted from my iPhone/Mobile device

Partly, and partly because of loopholes and deductions. So we have no idea what the impact would be, of implementing actual effective rates that high.

You're right it's not rocket science, it's elementary school arithmetic, which you have to abandon to be a liberal. Especially in CT.