No, you don't, do you?racist does not like ad hominem
That's 300-level economics, which apparently nobody here but me ever got to.the stubborn truth is that the period of highest personal income taxes in America coincided with the period of greatest growth.
it was easy back when North America had no competitors in the word, Germany and Japan were rubble. Britain was spent and still on rations. China was a peasant culture locked in the aftermath of revolution. Europe was rubble. Korea was being pounded to rubble. Mexico and Latin America were all third world. The Near East was still locked in the Middle Ages. Africa was one continuous basket case. The Soviet Union was so backwards in so many ways that they couldn't feed themselves.the stubborn truth is that the period of highest personal income taxes in America coincided with the period of greatest growth.
Money was worth a whole lot more, back then. Still, the wild disparity that you see now would have been unacceptable to those who grew up in the Great Depression.You make a good point, but it doesn't negate the fact that this growth occurred at a time of high taxation - proving at the very least that the two things are not mutually exclusive.
Sigh. Money invested has a multiplier factor of 1.4-1.7. Money in circulation has a multiplier factor of 5-6.it was easy back when North America had no competitors in the word, Germany and Japan were rubble. Britain was spent and still on rations. China was a peasant culture locked in the aftermath of revolution. Europe was rubble. Korea was being pounded to rubble. Mexico and Latin America were all third world. The Near East was still locked in the Middle Ages. Africa was one continuous basket case. The Soviet Union was so backwards in so many ways that they couldn't feed themselves.
It sure flatters one's performance when there is no one on the globe to compete with you. Now, North America workers are competing directly against Chinese peasants.
The Middle Class goes hand-in-hand with participatory democracy. and if the Middle Class fizzles and dies, the other goes with it. I feel like I'm watching that happen, right now.Sigh. Money invested has a multiplier factor of 1.4-1.7. Money in circulation has a multiplier factor of 5-6.
Rich people don't "create jawbs!" Middle-class people spending their money do.
There's a reason why every country with a healthy economy has a large, prosperous middle class.
the stubborn truth is that the period of highest personal income taxes in America coincided with the period of greatest growth.
Sigh. Money invested has a multiplier factor of 1.4-1.7. Money in circulation has a multiplier factor of 5-6.
Rich people don't "create jawbs!" Middle-class people spending their money do.
There's a reason why every country with a healthy economy has a large, prosperous middle class.
They messed up did they not? Shouldn't the yellow column have a $ sign at the front rather than the one it has at the end as that would be more than highway robbery.