Quote:
Originally Posted by Professor S
Question: We had 70% tax rates before (even higher, in fact) under FDR and Carter. How did those rates work out for the economy during their presidencies?
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Not nearly as terrible as the Bush tax-cuts turned out now...maybe dont raise it right now, but after the economy recovers a little we need to spread this wealth around, instead of just letting the rich get richer and the poor get poorer.
Carter was an underrated president, he actually did a lot of good for our country.