Yes. Taxes should be higher on the wealthy. In 1981 Reagan lowered them from 70% to 50%. In 1986 he lowered them to 38.5% and lowered capital gains tax. Many wealth and corps pay zero. This is one of the problems.
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Dr. Harmony (Patsy Evans Ph.D.)
someone needs to take grandpa's phone away
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What is so small to you
Is so large to me...
The point he's making is not the point he intends to make. He's reminding everyone that before Reagan, the rich paid a hell of a lot more in taxes -- and somehow we still had rich people. We also had a real middle class.
https://youtu.be/CVgNJf6CsBA?t=24m
What needs to be remembered that corporations could buy back their stocks. A 1982 law that was changed during the Reagan administration.