Do we need another Great Depression...?

phobicsquirrel

Tokinstogie

Nothin there involves me, cut it all.

ellinas

we were inches from having one about a 1.5 years-2 years go.

xmacro

bigharpoon

Looks like they want to cut everything that isn't directly correlated to generating short-term corporate profits. The problem with corporations dictating economic policy is that only a few people benefit and everyone else continues to struggle to make ends meet. When enough people have no alternatives left this will come to an ugly boiling point.

phobicsquirrel

phobicsquirrel

bigharpoon:

Looks like they want to cut everything that isn't directly correlated to generating short-term corporate profits. The problem with corporations dictating economic policy is that only a few people benefit and everyone else continues to struggle to make ends meet. When enough people have no alternatives left this will come to an ugly boiling point.

Yup.

xmacro

fla-gypsy

PuroFreak

bigharpoon

Just to clarify the income tax rate thing, the 70% rate was the top tier and you had to work your way through all the preceeding income brackets with their correspondingly lower rates and if you made more income than they had brackets for the remaining income went to that 70% rate. It was the rate only the uber-wealthy had to pay on the top tier of their income, and it was 90% before the 70's.

PuroFreak

bigharpoon:

Just to clarify the income tax rate thing, the 70% rate was the top tier and you had to work your way through all the preceeding income brackets with their correspondingly lower rates and if you made more income than they had brackets for the remaining income went to that 70% rate. It was the rate only the uber-wealthy had to pay on the top tier of their income, and it was 90% before the 70's.

Ok, so why should their success be punished for the good of the masses? How many of those "uber-wealthy" created thousands of jobs throughout their careers that provided families across the nation with food and shelter? I don't understand this insane idea that profits and success is are evil things.

bigharpoon

Tokinstogie

bigharpoon:

When enough people have no alternatives left this will come to an ugly boiling point.

Yep, looks like if the goverment don't steal enough, the folks will have to steal it for themselves. I prefer the latter....easyer to defend against.

PuroFreak