Wednesday, August 10, 2011

Are you getting tired of all the greedy rich whiners complaining about paying their fair share?

Before Reagan the graduated tax code had wealthy people paying up to 95% on taxable income. Everyone lived better then. People could support a family on one parent's income and own a home. A decent house would cost about a years wages for the average earner. Today no one can raise a family on one income unless you are extremely wealthy and a home is 3-4 years wages of the average earner. This is trickle down economics. If it's so good, why has the standard of living dropped so dramatically ? We need to ask ourselves not whether we are better off than 4 or 8 years ago, but whether we are Better off than 40 years ago.

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