President Obama’s suggestion that our federal tax rate for the wealthy in our nation be raised has aroused objections from most politicians and political pundits connected to the conservative wing of our nation’s political world. To these objectors, I offer them a question. Are you familiar with our nation’s three decade long history beginning in 1941? If they are aware of this history of ours, I would then ask them how, given our history, they can argue in good conscience that today’s answer to our nation’s economic and infrastructure problems can be solved by acting in reverse of the way we solved those very problems during the 1940s through the 1960s.
Beginning in the early 1940s, our progressive federal tax rate rose to 88% for the wealthy and during President Eisenhower’s administration, the rate went higher to 91%. In my view, the evidence of these actions at those times shows that absolutely everyone including the poor, the middle class and the wealthy benefitted from said tax increases. As a result of our increased tax revenues, we were able to fund our military and defeat the Nazis and their allies, and we were able as per President Eisenhower’s plan, to build up what became our well-done American Interstate Highway system. And as all of this was happening, the wealthy remained rich, the middle class grew financially, and the poor, while still struggling, also began to see better prospects for their future.
During the past three decades, our progressive tax has been reversed, and the growth of so much of our nation that occurred during the three decades beginning in the 1940s has dwindled leaving us as a nation in far worse a situation than we were just 40 years ago.
If we in America are truly a united community, isn’t it time for us to go back to those ideas that brought us together and actually worked for us, and benefitted us as a nation? I believe the answer is yes.
Beginning in the early 1940s, our progressive federal tax rate rose to 88% for the wealthy and during President Eisenhower’s administration, the rate went higher to 91%. In my view, the evidence of these actions at those times shows that absolutely everyone including the poor, the middle class and the wealthy benefitted from said tax increases. As a result of our increased tax revenues, we were able to fund our military and defeat the Nazis and their allies, and we were able as per President Eisenhower’s plan, to build up what became our well-done American Interstate Highway system. And as all of this was happening, the wealthy remained rich, the middle class grew financially, and the poor, while still struggling, also began to see better prospects for their future.
During the past three decades, our progressive tax has been reversed, and the growth of so much of our nation that occurred during the three decades beginning in the 1940s has dwindled leaving us as a nation in far worse a situation than we were just 40 years ago.
If we in America are truly a united community, isn’t it time for us to go back to those ideas that brought us together and actually worked for us, and benefitted us as a nation? I believe the answer is yes.
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