When the USA was #1 in infrastructure, #1 in college graduates, #1 in technical innovation, and #1 in gross national product the maximum income tax rate was 90% and the top 5% paid at least 70%.
That was how the USA could afford to build the interstates, build the land grant college system, and fight wars without mortgaging their children.
There used to be a culture of honor where those who had more contributed more.
Now we have a culture of greed, and “What is mine is mine” and who gives a !!#$$%!! about the country, the roads, the public higher education system, etc. Now most of the wealthy & corporations say
Ask not what you can do for your country, ask what kind of tax break your country will give to you.
Thank you Ronald Reagan for gutting the honor and future of the USA with voo-doo economics based on greed and dismantling long term planning and honest revenue structures and regulation.
Good revenue planning means that infrastructure is paid for from current revenue, not borrowed money on the backs of children yet unborn. In good years, we built and saved as a country; in lean years, we still funded our public education systems and were #1 in college graduates.
The wealthy paid their fair share, and viewed doing so as a matter of honor, not as somehow being robbed.
The culture of corporate greed, and income disparity is destroying the American Dream, and degrading this country into third world status. Our birthrate in working families is falling because our tax policies and corporate greed have made children a luxury
We are not #1 in college graduates any more – but #12 and falling. Our railroads are crumbling ruins, raising the costs to our businesses and isolating our producers of raw materials. Our health care is the most expensive – but our life span is 24th at the last ranking, because profits come before health in our health care industry. We spend more of our GDP on health care than any major nation, to achieve this mediocre result as a result. And please, “family values”? The USA is the least family friendly industrialized country in the world. We once did better than this for one another – and we still can do better than this for one another.
Sorry, but greed is what is destroying the United States of America, not taxes. Today’s national Democrats talk like the the Republicans of my youth in the 1950s and 1960s – today’s Republicans talk like the John Birch Society once did and would never nominate an Eisenhower or a Lincoln, but stands ready to try and repeal the 14th Amendment.
Rather than honest revenue planning, we are so far in hock to China and other creditor countries that we have placed national security and our children’s futures at risk. Why? Just look at the giveaways in the Tax Expenditure Budget, nationally The tax expenditure budget is a national problem as well as a state bleedout.
Wake up and reclaim the American Dream, which was a belief in honor, shared responsibility, and democracy built on a new birth of freedom though that shared responsibility. That very freedom was based on the Bill of Rights, and the later Amendments such as the 14th Amendment.
To forget words such as “honor”, “responsibility”,”fortitude, and “shared responsibility” is to put our children’s futures at risk.