From 1940 to 1960, top tax rates were as high as 91%. Somehow, the economy boomed, the middle class thrived, and billionaires still bought yachts. Turns out, investing in society works better than hoarding.
I went to the nearby booze store to get a bottle of wine for dinner yesterday. Everything is now clearly labeled when the country the product comes from Big Maple leaves on everything Canadian. Every other country had a label except none of the products from the US .
There is one very obvious fix for Social Security and Medicare. Remove the earnings cap on those programs. We could all have a more secure retirement and universal health care using Medicare as the framework for that program. Musk stopped paying SS tax for this year 15 minutes into the year.
They're doing it because Americans allow them to.
Americans allow them to because they've never had everything they owned taken from them and everyone they loved murdered.
Give an American a HDTV, cellphone and cosplay "2A!" and you can do anything
They let you do it. Because Billionaires are stars
Right now I'm very concerned but not a damn thing I can do about it. Musk's boy hackers went into all the department computers and now our drunk Secretary of defense said not to report Russian cyberattacks. WTH I called my senators and rep not that it does a bit of good. Thank you for your work
This divergence from truth seemed to start with Global Warming back in the 90’s. Before then, we fixed the ozone layer, we passed laws requiring seat belts, and we convinced the vast majority that smoking was bad.
But then they realized that they could just lie and get away with it.
Well, and someone didn't want his 17 investigations for wrongdoing in their space ship business, their car company and digital payment with something to do with visa (their media app) by the Consumer Protection agency so he wants all these agencies shut down. Doesn't want to pay fines.
Texas Paul, I have watched every one of your podcasts since I found you! As a former American History and New Mexico History educator, you have expanded my knowledge of World History, through your shared knowledge.
Thank you!
1950s
“Even for those who did earn more than $200,000, not all of their income was taxed at 91%. The 91% rate only applied to the portion of their income above the $200,000 threshold. When all taxes (federal, state, and local) are considered, the richest 1% paid an average of 42% of their income.”
Just wait til these MF's are crying about losing all their freedom and losing their nation and the crashing US dollar and how their money is worth anything anymore. There won't be water problems anymore anywhere in this country, because everybody's going to be crying rivers
Rich pay your fair share of taxes, then there is no problem; Musk, Bezos, Zuckerberg, trump, Coke brothers and others…. But do hire accountants to look for fraud and waste.
We need to tax billionaire’s WEALTH, as they have too many ways to earn without realizing income. Necessary because that wealth has proved a threat to our national security.
It's breaking my heart that he's destroying our national parks. I wonder how those MAGA folks in NC are going to feel about the housing boom along the Blue Ridge Parkway. And oil wells throughout Yellowstone.
As we see the dots appearing and connecting them, it is obvious to me that Trump is forming an alliance with Russia to control Europe and NA, letting China control the rest of world. He is letting Russia into the US systems. Musk is collecting all the info to control people.
I believe and agree. He wants to turn all of us over to Putin. We can then win his wars. He doesn't have a capable army anymore. There's no young men anymore. Here, he gets a fresh army.
He's already allied with Putin. Russia was never strong enough without the US. This was proven over 3 years in Ukraine. Now we are significantly weakened at home and abroad because we turned our back on our allies. Krasnov has weakened us economically and China will finish it. Europe has walked
It is nonsensical that Trump will withhold support for Ukraine because he says his feelings were hurt. It’s all fake. Trump and Putin want all the money. Control of all business. Don’t believe me? Just watch as more pieces fall into place.
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Americans allow them to because they've never had everything they owned taken from them and everyone they loved murdered.
Give an American a HDTV, cellphone and cosplay "2A!" and you can do anything
They let you do it. Because Billionaires are stars
I’m proud to continue this American tradition!
But then they realized that they could just lie and get away with it.
https://m.youtube.com/watch?v=Ru8SHK7idxs
However, this may be correct. ☹️
https://share.newsbreak.com/br4l7jzv
They live behind high walls and body guards with live carry.
Now ask yourself this..
Would it be reasonable for inmates to be given rule over the prison ?
Thank you!
“Even for those who did earn more than $200,000, not all of their income was taxed at 91%. The 91% rate only applied to the portion of their income above the $200,000 threshold. When all taxes (federal, state, and local) are considered, the richest 1% paid an average of 42% of their income.”
Impeach FOTUS/Krasnov!
Arrest Muskrat!
Most people on the right think they would be designated "rich".
Very few get that correct.