Re: The Myth of America’s Golden Age
The thing I dislike about this piece is the writer has no ideas. Where are they?
Roosevelt’s ideas are largely in tack and working.
As I look at the numbers, wealth redistribution of itself would not solve the problem, not to mention it is unlikely wealthy people would create wealth for the purpose of giving it away.
Somewhere along the line the Kennedy point of “What you can do for your country”, turned into “What your country can do for you”. We add to this “Jobs that Americans don’t want”, continued attempts at “free” college educations, and large increases in primary education costs with almost no improvement in student outcomes.
In general Americans get more from America than they put into it. In the end it’s not sustainable.
EDITOR: Facts and studies contradict “it is unlikely wealthy people would create wealth for the purpose of giving it away.”
First of all, taxes at worse hardly reach beyond 50% the margin, with many using loop holes to pay only 25%.
Secondly, once affluent, people work even more for the challenge than the pay. Studies have demonstrated.
Thirdly, we taxpayers are the highest contributors to charity in the world. This flies in the face of Anonymous’ contentions.
Keep in mind that during the boom days following World War II and well into the Eisenhower administration, the top income tax bracket approached 90%!
F. Scott Fitzgerald famously observed that rich people are different from the rest of us. If Anonymous wins a fat lottery someday, he / she will likely better understand.
