Quote Originally Posted by Taichiliberal View Post
And to date the amount of millionaires in the USA HAVE INCREASED....even under the Clinton tax rate!
Corporations and millionaires were NOT hurting on pre-Reagan tax rates. But 30 years of reagonomics (with a nice assist from Clinton) have devastated this country's economy....period.
You have to divorce yourself from this notion of "trickle down" economy....it doesn't work no matter how many times it's implemented or believed in.
The information I posted regarding those corporations who are NOT paying taxes shows how a monumental amount of revenue is being withheld from federal and state coffers....small wonder the country is in economic dire straits.
The S&L scandal and Enron should demonstrate to many that stock holders are NOT owners of a corporation. Wall St. plays games, and many learned that lesson the hard way.
Um there are millions more millionaires, now than there was then!
Most from the middle class
I'm guessing we have a different experience in the economy!