Share this with as many people as possible so that the GOP gets the message. Not all rich people are greedy, self absorbed, ignorant sociopaths.
Patriotic Millionaires Web Site
And this is not the first time that we as a nation have been in this kind of fiscal trouble. Back in the Depression and the years that followed, leading up to the Great 1950's, the tax rate on the rich increased to 91%. Yep! And that is how we fixed a broken country.
- Article by Larry Beinhart: "The Astonishing Stupidity of Not Raising Taxes on the Rich When Budgets Are Tight"
- Timeline of the Great Depression
- Although the war is the largest tragedy in human history, the United States emerges as the world's only economic superpower. Deficit spending has resulted in a national debt 123 percent the size of the GDP. By contrast, in 1994, the $4.7 trillion national debt will be only 70 percent of the GDP!
- The top tax rate is 91 percent. It will stay at least 88 percent until 1963, when it is lowered to 70 percent. During this time, America will experience the greatest economic boom it had ever known until that time.