Tuesday Night Video – Robert Reich Explains Why Taxes Need to be Raised on the Rich
July 24, 2012 Leave a comment
H/t: The Fifth Column
H/t: The Fifth Column
Robert Reich on The Daily Show
April 20, 2012 2 Comments
Robert Reich appeared on The Daily Show Thursday night, making much sense on taxes, government spending, and the influence of money.
On taxes.
REICH: Under Dwight Eisenhower, the highest marginal income tax rate was 91%. He was a Republican. He was a former general. And, you know, nobody accused him of being a communist or a socialist. And I’m not suggesting we go to 91%. I’m just saying, in those years, we had three decades after the second World War, the economy grew faster than it’s grown since and even after all the deductions and tax credits, people at the top were still taxed around 55, 56 percent.
