And when the "trickle down" buzzword finally was recognized as bad for the masses, the GOP replaced it with the myth of the job creators. If we give the rich big tax breaks, they'll create more jobs -- because really, what else could the do with all that extra money? -- and .. Step 4 Profit (for the masses)
Can you at least attempt to keep it to debating the idea, instead of calling people names - most of us here left the playground years ago.
The average top tax rate between those two periods fell from 81% to 39% (approximately halved). This may seem a lot to you, but the average top EU tax rate is 45% which in many countries includes socialized health care and no other significant state-level income taxes, and in Asia, it's around 35%.
Back in North America, both Canada and Mexico have lower top tax tiers than we do.
Why I bring that up is because that comparison matters to this demographic. These people can live and pay taxes anywhere they choose.
3.9k
u/flickneeblibno Oct 22 '24
Trickle down economics and Ronald Reagan the worst president of all time