- It's always less than 1=100%.
- Unless you're poor, then it's less than 0%
- If you give money to the rich, they'll keep it.
- What they don't keep is less than 100% of that, see above.
|Before Reagan||After Reagan||Today|
|Tax rate for the rich:||~70%||~28%||~35%|
|CEO to average worker income:||~35 x||~70 x||~300 x|
The middle class is disappearing. Wages have been kept steady since 2000 while profits continue to soar. Our economy is hurting.
- Because the people who need the money the most are not getting it directly.
Objectivism = There is no higher morality other than putting yourself first before others.
- Greed at the expense of others follows, see above.
Sadly, if the Democrats focused primarily on jobs and the economy, the GOP, it's neo-cons, libertarians, objectivists, and sociopathic Ayn Rand supporters would be just that much closer to extinction.
...and America might be able to right itself, and the world could conceivably start fixing some incredibly huge injustices.
But that won't happen now.
Thanks for the mis-management, all of "you"
I forgot to add this. Republicans ruin economy. Democrats save it, but are unpopular during the down-turn they are trying to fix. Republicans get voted in to replace Democrats and take credit for the economic prosperity that Democrats created before ruining the economy again. The cycle has been repeating itself.
Or, as Ezra Klein has noted, Obama isn't any more or less popular than any other Democrat President that has been stuck with fixing someone else's mess.
The GOP have been enacting the same play-book for decades, and they show no signs of publicly admitting that it's a bad policy. (Instead, you have to talk them into a corner in which they either have to admit it or storm out.)