"The era of strong unions, high minimum wages, high top marginal tax rates, etc. was also a period of rapid growth and rising living standards. That doesn’t prove causation; it does disprove the widespread dogma that these things are always economically devastating. And it’s telling that so many on the right have airbrushed the whole postwar generation out of history."
Paul Krugman (via jonathan-cunningham)
Keep repeating the same made-up sh*t and their followers believe it all. Sad.
The 1950s had a top marginal tax of 90%. You only needed one job to have a wife, kids and a house. Putting your kids through school was easier. GOP hates that lifestyle. They would rather you work 3 jobs, struggle the entire time and borrow/mortgage everything.
Redistribution of taxes works. All ships rise in a rising tide.
Tuesday, May 25, 2010
Paul Krugman: GOP Airbrushes America's Prosperous History
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