Reply #82: Reagonomics started the downward spiral

[Rozlee]

FDR raised the taxes on the wealthy to 90% after getting in office. They were 70% when Reagan came in and slashed them with his promises of wealth creation for everyone and told the sheeple the government was taking all the money from their pockets. Since then, the gulf between the top 1% and the rest of us has increased to Banana Republican status, especially during Bush's reign. Now, people have been brainwashed to see all taxes as evil. The thing is, that if we had any onions at all, we'd raise the taxes of the wealthiest 2% up to 70% again to create the revenue to kill the deficit. Yeah, fat chance. They're wailing now over a 1 or 2% projected raise and the lapsing of the Bush tax cuts. And if corporations did move to Dubai, we'd sock them with a protectionist tariff of their goods that would make their profits drop like lead. But, (sigh!) what can I say? The sad truth is that we have marshmallows for balls and we'll do nothing of the sort.