The greatest prosperity growth in the USA occurred in the 1950-1975 time period. During that time we managed to pay down the massive WWII debt, build the Interstate Highway system, put a man on the moon, connect virtually every home to electric and clean water, build a huge surplus in the Social Security fund, and still maintain balanced budgets -
Top marginal tax rates at that time were as high as 92%, yet investment money was readily available, and new millionaires were made every day.
So, given those facts how can anyone possibly believe that cutting taxes is a good idea.
Please include facts, not superstition or political sloganeering, in your reply.
Top marginal tax rates at that time were as high as 92%, yet investment money was readily available, and new millionaires were made every day.
So, given those facts how can anyone possibly believe that cutting taxes is a good idea.
Please include facts, not superstition or political sloganeering, in your reply.
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