12-15-2014, 03:02 PM
When Ronald Reagan was put in office by the majority of voters, the maximum tax rate on the wealthy was 75% of incomes over $1 million. That was what was meant when he was spouting "Let's get the government off peoples' backs", meaning wealthy peoples' backs, and making the wealthy more wealthy would mean "excess" wealth that would "trickle down". This is the foundation for the Neocon party today. Today, the wealthy are defined as $500,000 per year, often paying about 15% tax and those over $1M paying 10% or less, while those under $100K have a 35% tax rate. And people wonder why there is a gigantic wealth imbalance?
"Mahalo nui Pele, 'ae noho ia moku 'aina" - kakahiaka oli
"Mahalo nui Pele, 'ae noho ia moku 'aina" - kakahiaka oli
*Japanese tourist on bus through Pahoa, "Is this still America?*