- Moderator
- #241
the year of the crash what was the top tax rate?
Doesn't really matter. It's irrelevant.
Crashes are supposed to happen. It's how the market corrects itself when we are dishonest, proud, and careless with our money. It's nature's way (And Nature's God's way) of telling us to get our lives back in order.
It's when government tries to manipulate the economy to "prevent" these crashes that we have problems. That's what Hoover's response was. And FDR piled on even more and the Depression that could have lasted mere months ended up lasting for 12 years.