Meme & Quote Thread

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sturg33 said:
The middle class is gone?
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A divide is broadening, and starting to abrogate that class, yes.

sturg33 said:
And don't the richest pay 39% in federal taxes?
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Technically lowered to 38.5% by Reagan in 1986, after lowering from 70% to 50% in 1981. Not sure where that number (28%) is coming from, since even the delta from beginning to end of his terms is 31.5%.

sturg33 said:
I love these stupid memes
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Irrespective of ideology, memes should stick to embracing their stupidity.
 
sturg33 said:
[TW]924277894406397953[/TW]
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Technically, a tax is just a citizen contribution to institutional funding of the public apparatus.

I suppose one could argue that specifically-progressive income taxes are "a fine for doing well." I would argue that's not very nuanced, but I'd also wager the basic premise doesn't really disturb me like you want it to.
 
sturg33 said:
The middle class is gone?

And don't the richest pay 39% in federal taxes?

I love these stupid memes
Click to expand...

When I think of the word 'President', I see a picture of Reagan in my mind. I call my favorite music Reagan Rock. I can't change the channel when Top Gun is on. I even bought a couple of those remake Reagan/Bush bumper stickers. I am a huge Reagan fan.

But this is one that I have always wondered about. The middle class is falling farther and farther behind the upper class, and we now see wealth concentration that we haven't seen since the Vanderbilt days. Are there any well written books out there that talk about how much of this was caused by Reagan's tax breaks, versus how much was caused by the move to globalization, service economy, the internet boom, drastic drop in interest rates, etc.?
 
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