Thursday, July 8, 2010

The Results Are In: Reaganomics Won and America Lost

This graph really explains the redistribution of wealth...upwards!  For the anti-tax teabaggers who aren't smart enough to understand they will most likely never be in that top 1% or any interested intelligent person, let me provide a link to a little educational history on American tax rates. Taxes are at historic lows; and yet the middle class which runs the economy is disappearing.  The country hasn't been in worse shape since the depression. In the year that I was born, 1962, the top tax rate was 91%!  In fact during many of the most prosperous years in the US, when the middle class was flourishing, the top tax rates were very high.  Yet the low- to middle- income conservatives continue to vote against their own best interests.  They vote for politicians that will continue to push legislation that will continue to allow that gap to grow wider and wider just by speaking of God, guns and gays.  Thanks to the abundance of ignorance, the deficiency in education and plain lack of intellectual curiousity, our country really is on the road to oblivion.

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