The 2013 French Budget

[Katzndogz]

During the period of our prolonged economic boom in the post-WWII years, the highest marginal tax rate was between 70-85%. Ours was the most stable and productive economy in the history of the world back then.

How does modern-day, trickle-down Republican economic theory explain that?

Because ours was the ONLY economy in the world still functioning. Europe was a cinder, Japan was a glowing hole in the ground. China was nothing more than peasants wading around in rice paddies. Russia was crippled by by the effects of their own earlier revolution and the costs of war. Our infrastructure was untouched, our factories humming along and our agriculture necessary to feed the world.

Why can't modern day democrats realize that?

The United States was left with the entire economic pie.

 

[martybegan]

Also how many people did that 90% rate actually affect? Was it 50? 100? 1000?

What difference does that make?

If only 50 people were affected you were making a pittance of money at that rate, and the use of it was a feel good method of saying to the masses "Yes we are taxing you alot, but look at what we are doing to THAT guy!"

Also a high rate on only a token amount of people does not have the ripple effect of slowing down spending in the private sector that high rates on a broader base would have.

by setting the high limit at 1M euro, and by increasing rates dramatically even down to 150k euro, you are removing money from the upper end of the economy, with likey terrible results.

 

[Lovebears65]

During the period of our prolonged economic boom in the post-WWII years, the highest marginal tax rate was between 70-85%. Ours was the most stable and productive economy in the history of the world back then.

How does modern-day, trickle-down Republican economic theory explain that?

We were also NOT a entitlement and welfare nanny state at the time either.

We are getting close and if Obama gets 4 more years we will be there soon enough

 

[GoneBezerk]

Dumbfuck....care to compare the spending power and assets of that time to today in regards to the middle class.

Back then a TV or a car was a luxury item for the middle class and a dream for the poor. Today with lower taxes rates, middle class and even the poor watch TV on their smartphones. Nevermind the HDTV, blue ray player and PS3 in their living room....even for some "socalled" poor people on welfare.

So shut the fuck up about the glory years where only the uber rich had nice things in their house and everyone relied on the Govt to give them the bare minimum from week to week.

During the period of our prolonged economic boom in the post-WWII years, the highest marginal tax rate was between 70-85%. Ours was the most stable and productive economy in the history of the world back then.

How does modern-day, trickle-down Republican economic theory explain that?

 

[g5000]

Also how many people did that 90% rate actually affect? Was it 50? 100? 1000?

All that matters is how it affected one man. Ronald Reagan. As an actor, he would make a certain amount of movies each year and then stop. Any movies he made after that amount meant that 90 percent of his pay would go to the government.

This is what convinced Reagan that high taxes made America less productive.

And a conservative superstar was born.

.