re: Is Reaganomics and free trade officially dead?

All he did was point out how the federal government was funded until FDR.

I believebthat was his point.

Free trade is as real as efficient markets and capitalism

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All he did was point out how the federal government was funded until FDR.

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Which is literally irrelevant to this discussion.

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All he did was point out how the federal government was funded until FDR.

I believebthat was his point.

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Yep! The truth is the truth. He has no idea that FDR raised income tax levels to 60% to fund the federal gov.

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He has no idea that FDR raised income tax levels to 60% to fund the federal gov.

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Well that's wrong

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There is no point to this. At all.

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Then why not answer?

Do tariffs raise prices?

The answer is yes, I just want to see you be honest about it in order to walk you through this.

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He has no idea that FDR raised income tax levels to 60% to fund the federal gov.



Well that's wrong

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No it's not.

Revenue Act of 1932.
The law was signed in June but retroactive to January. It increased all individual income tax rates with the top rate rising from 25 percent to 63 percent. The act broadened the income tax base, raised the corporate tax rate from 12 percent to 13.75 percent, and increased the top estate tax rate from 20 percent to 45 percent.

Revenue Act of 1934.
Passed in May, this law broadened the income tax base and aimed to reduce tax avoidance (exacerbated by now-?higher tax rates) by increasing taxes on personal holding companies. The act also raised the top estate tax rate from 45 percent to 60 percent.



Revenue Act of 1935.
Passed in August, this law hiked top-?end individual income tax rates, with the highest rate rising from 63 percent to 79 percent. The act also increased taxes on corporations a number of ways, including raising the top corporate tax rate from 13.75 percent to 15 percent.


Revenue Act of 1937. This law broadened the income tax base

State and local governments jacked up taxes during the 1930s.

Property taxes hit hard in the early 1930s because assessments often remained high even as incomes were falling. Nationwide, property tax revenues increased from 4.3 percent of gross domestic product (GDP) in 1929 to 7.4 percent by 1932.

General sales taxes were adopted by 23 states during the 1930s.

Individual income taxes were adopted by 17 states during the 1930s.

Corporate income taxes were adopted by 15 states during the 1930s.



So YEAH it did.

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He has no idea that FDR raised income tax levels to 60% to fund the federal gov.



Well that's wrong

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income tax rates with the top rate rising from 25 percent to 63 percent.

So 63% isn't 60%.. you are right. It's higher.

this law hiked top-?end individual income tax rates, rising from 63 percent to 79 percent.

You are right.... It's not 60%... it's higher... it was 79%..

BUT HEY.. At least you are right.

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Is English your 2nd language?

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Bless your soul... LOL!

I see he is going to argue against that too. You are going to be here a long time and he still is not going to grasp it.

He really isn't here for another purpose than to be a contrainan.

He is going to oppose everything for the sake of his rocks getting off.

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I see he is going to argue against that too. You are going to be here a long time and he still is not going to grasp it.

He really isn't here for another purpose than to be a contrainan.

He is going to oppose everything for the sake of his rocks getting off.

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He does the same thing on the political board. Weirdly defended the Gov of Ma for placing illegal immigrant children in shelters and hotels that were staffed with pedos and people with sexual assault charges. His defense "They are everywhere so.."