The Greatest Generations taxes worked. Let's do what they did and make us great again!

[grahamhgreen]

70 to 94% tax on the ultra-rich!

After all, they got us into this mess .

Our debt will be paid in under 10 years.

[Waiting For Everyman]

1. It was their party

and they benefitted from it - they should pay for it.

[mediaman007]

2. They sacrificed their lives, their prosperity and gave us the world we live in.

Unfortunately, for the self-absorbed right, it wasn't enough!

[WinkyDink]

10. Not their prosperity. The 1950's saw an increase in Middle-Class prosperity.

[Travis_0004]

3. Why do people insist on quoting the marginal tax rates of the past?

A marginal tax rate isn't really all that important. What is more important is the effective tax rate. When taxes were much higher, you could write off a lot more, so the effective tax rate was roughly comparable to today. As tax rates went down, the tax code was changed to allow less writeoffs, this way politicians could advertise bringing down the tax rate, while still collecting similar amounts of money.

[eridani]

4. The effective tax rates were around 50%, which--

--is one HELL of a lot better than we have today.

[WinkyDink]

11. Nice try.

[provis99]

5. the "Greatest Generation"? Isn't that the generation of the teabaggers?

[grahamhgreen]

7. Are you trying to insult them? This is people born in the 1920's, who built our post war prosperity

Taxed the Ultra-rich at 70+%

[WinkyDink]

12. Teabaggers comprise people in their mid-80's and 90's? We're talking WWII here.

[defendandprotect]

6. If you wanted to increase taxes on elites now you'd have to use the military to do it--!!

[Sherman A1]

8. Okay

[grahamhgreen]

9. I think they're on our side!

[WinkyDink]

13. I think you'd be fatally incorrect.