We are just not taxing the wealthy enough

[benjamen]

http://www.nytimes.com/2012/11/19/opinion/krugman-the-twinkie-manifesto.html?_r=0

Article summary:
The 1950s were awesome because we taxed the rich so much. We should raise taxes to 91%.

 

[bushi]

...does he care to mention, who was falling into which tax bracket, back then? I mean, percentage of population wise, which percentile of earnings, etc. No? Just like I thought....

 

[DSAbug]

Idiot...

There is a reason why trusts exist..

 

[dontdeBasemebro]

It is hard to believe anyone takes him seriously anymore; I'm sure none of us here ever did.

The 1950's were "great" because a few years before the government made massive cuts in spending following WWII, and during WWII all of our industrial competitors were bombed into the dirt. We were the only man standing, and the government got smaller. When the government got bigger in the 60's things got worse and have never rebounded since the government keeps growing.

 

[DoChenRollingBearing]

Wait until they try a Wealth Tax! Bitchez!

Damn those icefishing accidents...

 

[dontdeBasemebro]

I could see them taxing people with a lot of money. But we were all clearly told that gold is most certianly NOT money.