Tuesday, December 08, 2009

The Greatest Generation Paid For Their Wars

For those who like history and facts:
"The top marginal tax rate in 1941 was 81 percent on incomes greater than $5 million (about $72 million in today's dollars). In 1942 and '43, it was 88 percent on $200,000 per year ($2.6 million today). In '44 and '45, it was 94 percent on $200,000 ($2.3 million today).

The Greatest Generation did more than just save pennies to buy war bonds... most everyone paid more in taxes and some 40 million people paid taxes for the first time
."
Then you have Bush who started two wars and cut taxes to the richest Americans, thus putting all of America so deep in the red for decades to come. The Right Wing's idea of sacrifice is so focused on helping the wealthy, yet they still have the balls to think they are the military or fiscal superior party. Complete and utter failures beyond any measure.

Even more effed up, the Right's infatuation with the Greatest Generation was under a four-term Democratic President who would make modern liberals look uber-Conservative.

Source: Andrew Sullivan

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