Have you heard the "old" people talking about the Good Old Days? Do you ever wonder what they're talking about? They're talking about those halcyon days when Men were Men and Women were Pregnant and... the top tax bracket was 70 percent or higher.
Yep. Seventy percent. And that's down from the peak, by the way!
Yes, there actually was a time when we discouraged the kind of wealth collection that the top .01% engages in these days, days when we actually knew that it was better for the country, as a whole, if the game wasn't rigged to direct the flow of money toward those who already had plenty. But now, if you have money, all the rules of the game are rigged in your favor. You don't have to pay taxes at the same rate as "regular" people, especially if most of your money comes from "investments." (They're not really investments, for the most part. They're bets that the wealthy place, using gambling casinos like Wall Street. Worse, they're safe bets. You and I bail them out of they have any losses. And do they share their winnings with us? Wait... I have to stop laughing before I answer that question...)
Princeton Concludes What Kind of Government America Really Has, and It's Not a Democracy - PolicyMic:
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