Why is it that when FDR Truman and Eisenhower were President of the United States and the Tax Rate on the Rich?


through our history we've felt ambivalent wealth. we've felt rich both heroes , villains. 'reagan revolution' changed attitude. rich heroes. made change? why, rich of course.

began pilgrims in 1620. puritans calvinists. believed god picks people saved. picked before they're born, in fact god can see future picked them @ time of creation of universe. god shows favor these people making them rich , successful. if rich, puritans believed, evidence of person's worthiness. idea embedded in our national culture 17th century!

during 30s, time of new deal, republicans united against fdr's programs, had no power. time republicans won white house again (1952), had become more moderate. presidents eisenhower , nixon okay social programs, realized how things going now. reagan led new group of republicans, call 'program conservatives', committed reversing new deal reforms. starts reagan's 'tax reforms across board' ended going disproportionately rich.

it's thought reagan , bushes built huge national debt deliberately next republican president claim no longer afford such things social security , medicare. (and see john mccain getting elected , saying 'well, we've got real budget disaster we're gong have cut on ss , medicare.'

republicans today seem believe it's immoral somehow tax rich people. bush's tax breaks entirely taxes rich pay--inheritance, capital gains, etc. plus republicans tend use every crisis , emergency justify agenda had along, during times want cut taxes rich, when economy goes sour prescription more tax cuts rich. 8^p

studies have shown on , on taxing capital gains not chill investment , cutting capital gains tax doesn't stimulate investment--just cutting inheritance taxes doesn't keep people dying. real object (and effect) of republican tax strategy concentrate wealth in more , more 95% of americans see slow, steady decline in standard of living while 0.1% double wealth , share of ownership every few years. of 2 terms, gw bush continuously bragged economy of making great strides, , on average -was-, though 95% of americans struggling stay in same place.

why when fdr truman , eisenhower president of united states , tax rate on rich 92% why rich stayed rich , did not become poor or middle class ?


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