…it will be under the banner of the “PLEASE READ A HISTORY BOOK” party.
We’ve paid for two wars by mortgaging our future. Should we have fought them? Don’t care. Doesn’t matter. We’re paying for them anyway. How best to do it?
Our current administration recommends asking rich folks to pay more. But a bunch of (mostly) poor people don’t like that, because it’s “socialist”.
Current tax rate for a really rich guy: 35%.
Tax rate for a really rich guy under Reagan: 50%.
Tax rate for a really rich guy under Nixon: 70%.
Tax rate for a really rich guy under Eisenhower: 90%.
Reagan, Nixon, Eisenhower: all well-known socialists. Sigh.