When a person amasses an insane amount of wealth it only propagates the obsession to get more and they will do whatever it takes to get it. An 80% tax on billionaires seems fair, and how about a 50% tax on millionaires while we’re at it.
Eisenhower went on to use that money to lay the foundations for the interstate system, continue the New Deal, and expand Social Security. Truly a great, if imperfect president and war hero.
We can afford to move the corporate tax rate up by 10% - move the tax on the very wealthy to at least 35% and close loopholes, and raise the cap on social security contributions to at least 500,000
Went to fact check this because I thought it must've been an exaggeration...and it is in fact incorrect; the highest tax rate under Eisenhower was 90%.
How did the GOP brainwash us into thinking 35% for the rich was too high?
It’s not enough. Tax the rich more. As my granny would say, “They have got too big for their britches.” It gave them ideas about taking over our country.
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How did the GOP brainwash us into thinking 35% for the rich was too high?