Posted on 03/23/2002 7:17:36 AM PST by NorCoGOP
Possible, but can you give an example when that occurred?
Here's the important point of the article.
Not only that, but Reagan's policies appear to have reversed the increasing unemployment of the 1970s and reduced it from a high of 9.7 percent during the recession to a mere 5.5 percent
So, it looks like inflation decreased and employment increased, oh yeah, the stock market went up as well. So were you criticizing Reagan's performance?
I would rather see how much tax burden is located on the top 1%, top 5% and top 50% of wealth.
Your wish is my command. Heres the income tax burden changed by President Reagan:
Top Tax Top Top From Lowest
Rate 1% 5% 51-95% 50%
1981 70% 17.89% 35.36% 57.22% 7.42%
1987 38.5% 24.81% 43.26% 50.67% 6.07%
As you can see by lowering the highest marginal rate from 70 to 38.5% President Reagan shifted the tax burden more on the richest segment of society. While this is counterintuitive, its not when you consider how people react when having most of their earnings confiscated by the government. People will shift their activities from high taxed activities to low taxed activities (such as leisure). So by lowering the highest marginal tax rate the rich paid more in taxes.
Not at all. But Bush & Son aren't Reagan.
LOL!!! SCUMBAG???? LOL!!!
Seems to me that you're the one who's overly polite in describing the perverted rapist who formerly occupied the White House. The Shrub shoulda used a tanker full of Lysol to disinfect the place before he moved in.
Just the same, as a Buchananite, I don't see where Bush & Sons economic policies are any better. Dubya and Klintoon are BOTH 'Third Way' globalists. Dubya is certainly much more affable and would make a great next door neighbor, good little-league coach and guest at a backyard Bar-B-Q. I'd NEVER say the same thing for Bubba Klintoon who deserves to be sitting behind bars eating cold beans. But their economic policie are virtually the same, simply benefiting different groups of globalist snakes.
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