Taxes
What Grew Faster than the National Debt?
Do you really want to ‘Make America Great Again’?
The MAGA catchphrase demands we look back to a time when America was great. There was a time when America had a thriving middle class. It was a time before we suffered from stifling inequality, a time when the national debt grew modestly. It was a time as a nation we sent a man to the moon. As a nation, we defeated Nazi Germany and Imperialist Japan. We made great strides in science and technology that laid the foundation for the digital age.
We have only memories of that greatness today. Now we stagger under national debt. The middle class is disappearing. The American dream of owning a home is out of reach for all but a select few. The level of inequality is dividing the population into two categories — rich man, poor man.
What Grew Faster than the National Debt?
The wealth of the top 20% of the United States.
When America was economically great, we had a tax structure befitting a great nation. Between 1932 and 1981, the top marginal tax bracket never dropped…
