AOC believes a system that allows Billionaires to exist is immoral

[OSR stands with Israel]

Oh no! She wants to put the top marginal rate back to where it was during the administration of that left-wing commie liberal, President Eisenhower.

https://www.cnbc.com/2019/01/22/davos-billionaires-are-scared-of-alexandria-ocasio-cortez-tax-proposal.html

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Sounds like she's on the right track.

I think you're well aware that the effective tax rate paid on money in the top bracket was nowhere near 70% and that Eisenhower would have never supported such a thing, either.

The effective tax rate for the highest bracket, 38% again? Or still 35? Either way, the effective tax rate is likewise notably lower for the highest income.

Lies,  damned lies and statistics. You're playing semantic games, because you don't like the truth.

https://www.politifact.com/truth-o-meter/statements/2015/nov/15/bernie-s/income-tax-rates-were-90-percent-under-eisenhower-/

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Anyway the golden age for the US economy was between 19893-2001

Corrected.

Other than 1990-92 , 93-01 was basically a continuation of the booming mid and late 80s and then Clinton basically continued supply side economics as President and in many ways expanded it beyond Reagan .

So your definition of supply-side economics includes a high income tax increase? Funny, I remember the time quite well and absolutely zero Republicans said anything but the exact opposite.

Clinton cut capital gains taxes , got more deregulation passed than Reagan and passed Welfare reform and cut spending in general .


Clinton yes increased income tax rate but Reagan increased the capital gains tax rate.

I really don't think you know what supply-side economics is. Clinton also increased social spending.

Clinton post 1994 economic policies were more conservative then Reagan’s.


Clinton cut the capital gains rate from 28% to 20% which reversed Reagan’s increase , expanded among his free trade policies, and deregulated more than Reagan did

Just curious why Republicans literally unanimously decried is high income tax increase as an inevitable economy Destroyer? I mean, if Clinton really was the same as Reagan.

Reagan increased taxes too just it was capital gains instead of income and Reagan also got rid of many of the deductions and tax havens wealthy earners used prior to 1986.

[AtorBoltox]

Any decent Christian should have absolutely no trouble agreeing with this statement

[No War, but the War on Christmas]

Any decent Christian should have absolutely no trouble agreeing with this statement

Most "Christians" in this country are horrible caricatures of Christ; especially the Republican ones.

[PSOL]

I agree with her.

[HisGrace]

The problem with this reasoning is that there's no evidence that the existence of billionaires dampers the standard of living for anyone else. If that were the case the countries with the highest concentrations of billionaires would all be 3rd world countries where almost everyone lives in abject poverty. That's not the case at all, the countries with the highest standards of living have the most billionaires. Not just the US, but the UK, France, Germany, France, Italy,  and Canada (happy, utopian, social democratic countries) all have high concentrations of billionaires. There's no positive correlation whatsoever between the number of billionaires and people in poverty, and if anything there's a negative correlation.