Posted on 06/14/2017 1:17:30 PM PDT by Red Badger
James Hodgkinson, the Belleville man accused of shooting congressmen and aides during practice for a ...baseball game Wednesday, has written a number of letters to the editor of the Belleville News-Democrat.
[snip]
Following are the letters:
Sept. 12, 2012 The path out of our deficit
The best book Ive read in a while is Aftershock by Robert B. Reich. He explains that the lowering of taxes on the richest Americans was a major cause of the Great Depression. He also states that it is a major cause of the Great Recession, which started in 2007.
He states that the year before the stock market crash of 1929 and the Great Recession were both peaks of the incomes of the top 1 percent at more than 23 percent of the total income of the country. President Franklin D. Roosevelt and his Federal Reserve chairman, Marriner Eccles, brought us out of the Great Depression by raising taxes on the rich.
During the 1920s three Republican presidents lowered tax rates leading up to the Great Depression. In 1931 we had 23 tax brackets from 1.5 percent for incomes up to $59,000 adjusted for inflation (which covered more than half of total population) to 25 percent for income over $1,476,000.
In 1932 we had 55 tax brackets from 4 percent for incomes up to $65,500 up to the 42nd tax bracket of 50 percent, which was equal to the top income of the previous year. Then the added tax brackets kicked in. Fifty-one percent to 56 percent were brackets increasing by approximately 1 percent for every $40,000. Brackets 57 percent to 60 percent were for income increases of approximately $1 million. Brackets 61 percent to 63 percent were for income increases of approximately $4 million, topping out at 63 percent for income over $16,378,000......
(Excerpt) Read more at bnd.com ...
Absolutely
Stephen Colbert every night has his Hate Trump tirade. Does he feel any remorse?
er, yep!
It is all “The Two Minutes Hate” for them.
And the media outlets are all their Winston Smiths slaving away shoving things down memory holes and revising previous stories.
For Conservatives, Orwell’s “1984” is a cautionary tale.
For Liberals, Orwell’s “1984” is an instruction manual.
I like it.
Clever, tasteful and quite true..................
They should all be sued into the ground...................
He was interviewed at an Occupy wall Street event in 2011 or so.
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