Eisenhower Tax Rates – 90%? Yes! In the lead up to the 2016 election, Bernie Sanders mentioned that the top marginal tax rates under Eisenhower were over 90%. This has lead many wrongly believe that Bernie Sanders himself planned to raise the tax rates to 90%, when in fact he (as others have done) was […]
Tag: 1 percent
Income Disparity and the Middle Class: A few Myths and Misconceptions
As noted countless times in this blog, the shift to a more supply-side (aka Reaganomics/trickle down economics) economy has not led to a stringer middle class. The disparity in wealth and income between the top 1% and everyone else (especially the bottom 4 quintiles) has only widened and left many of the lower quintiles barely […]