citybutch |
10-16-2010 09:59 AM |
Under Ike the top marginal tax bracket was over 90% (yes, you read that right)... No matter who you are... THAT is not fair. A lot of folks who were staunch Democrats moved when Reagan promised ... and delivered ... income tax cuts.
The redistribution of wealth in this country is complex... and people's move between parties is motivated usually by the current political wind. But when folks who work their butts off for the income they have are deprived of those funds because of taxation... it leads to rage and financial decisions made to protect that money... As Warren Buffet complained... "he paid a 17.7% tax rate on his $46 million of taxable income in 2006, while his employees paid an average 32.9% tax rate (his receptionist's tax rate was 30%)." Warren Buffet wants to PAY MORE... and it speaks to the rationality of a flat tax rate. So now it is the middle income as opposed to the high income folks who are complaining... Hence the power of the Tea Party (please do not think I participate in any way... with that party... I don't... I am merely making some points)
My income is a good one... But I work my ass off... many weeks with no days off... I take risks, I work hard, I study when I am not working.... I know many of us work extremely hard.. no matter our income... But it just is not fair when more of the dollars that I work my ass off for is taken to redistribute. My wife as well.. has been an ER nurse of more than 20 years... Worked full time and studied 3/4 time to get her Master's... works two jobs now (one as a Family Nurse Practitioner in research and the other teaching young RN students) ... and to have half of her income disapear to government (State/Federal/Local, etc).... It's just not fair...
It is a lot harder these days to really "see" the truth of what is happening in the world around us. Whether you are on the right or on the left you are impacted by HOW the message is being delivered. That has always been true. The message delivered is far simpler than what the reality is...
"If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed." -- Mark Twain
Quote:
Originally Posted by AtLastHome
(Post 208493)
I have been thinking a lot about "Ike" in the past few years. Probably because I do remember the GOP as a very different party from my youth. He took office when I was 2 years old and left when I was 8 when JFK was elected. My family has always been Democrats, except I now see portions that broke to the GOP during Reagan's terms. The main reason? Money as that part of the family began to make a bunch of it under his presidency and most certainly under Bush I & II. Many of these relatives were staunch Union Democrats in the 30's-50's. Yet, today, are like most Republicans above that $250,000/year level, they are terrified of losing their wealth. I thank the Goddesses that these relatives live way far away from me. But, they are related to me. Many do have questionable backrounds in the "mob."
|
|