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I realize many on the right are going to kneejerk on this issue but hear this guy out, read the article and see if we can't move a needle just a tiny bit.
Thing is, I do remember the 50s and when a man could support a family of four where his wife did not have to work -- he could pay the mortgage the car payment and have disposable income and the tax structure was roughly about where AOC is proposing it. but according to this author, and I agree, it's about more than that. One thing I have noticed that our standard of living has decreased rather proportionally to the chipping away of the progressive tax system of the 50s. I think it's time that we should take a good look on if we should go back to the way things were at least insofar as a tax structure.
The world is becoming a place ruled by oligarchs and it's time to think about a solution
Thing is, I do remember the 50s and when a man could support a family of four where his wife did not have to work -- he could pay the mortgage the car payment and have disposable income and the tax structure was roughly about where AOC is proposing it. but according to this author, and I agree, it's about more than that. One thing I have noticed that our standard of living has decreased rather proportionally to the chipping away of the progressive tax system of the 50s. I think it's time that we should take a good look on if we should go back to the way things were at least insofar as a tax structure.
https://www.nytimes.com/2019/01/22/opinion/ocasio-cortez-taxes.html
Alexandria Ocasio-Cortez has kick-started a much-needed debate about taxes. But the*debate, so far, has been misplaced. It’s obvious that the affluent —*who’ve seen their earnings boom since 1980 while their taxes fell*— can contribute more to the public coffers. And given the revenue needs of the country, it is necessary.
But that’s not the fundamental reason higher top marginal income tax rates are desirable. Their root justification is not about collecting revenue. It is about regulating inequality and the market economy. It is also about safeguarding democracy against oligarchy.
The world is becoming a place ruled by oligarchs and it's time to think about a solution