What laws would you change?
I wasnât saying you did. It seems to me though the higher tax rates worked as an incentive for the wealthy to avoid being in that higher bracket to the benefit of those under them. And again, since the âtrickle downâ policies were started, weâve seen the opposite happen. Thatâs why we see guys raking in BILLIONS in profits while paying their employees MINIMUM WAGE now. Thereâs no longer any incentive not to.
I fail to see how it benefits those under them. Plus weâre talking individual income tax, I donât think the business tax was as high. But Iâm not sure.
Smyrna
267
Youâre right in that it isnât simple. It takes years. It takes a commitment and it requires a game plan. In all that you do, you have a choice to make? Will you build it with straw, sticks or bricks?
The entry level jobs werenât any better back then but folks had no problem with living extremely austere lives with no frills at all, in fact it was the norm back then.
Looking back i know we were poor for a decade or so but so was everyone else so we didnât even notice or think of ourselves as poor.
Most folks worked hard enough long enough to advance and improve their lot in life.

wiley8425:
I wasnât saying you did. It seems to me though the higher tax rates worked as an incentive for the wealthy to avoid being in that higher bracket to the benefit of those under them. And again, since the âtrickle downâ policies were started, weâve seen the opposite happen. Thatâs why we see guys raking in BILLIONS in profits while paying their employees MINIMUM WAGE now. Thereâs no longer any incentive not to.
The higher tax rates were an incentive for the wealthy to limit their investments.
Make up to the high rates and sit pat after that for the rest of the year.
Why risk your money for a possible 10 percent gain after taxes?
It was like having a throttle on the economy.

gooddad409:

wiley8425:
I wasnât saying you did. It seems to me though the higher tax rates worked as an incentive for the wealthy to avoid being in that higher bracket to the benefit of those under them. And again, since the âtrickle downâ policies were started, weâve seen the opposite happen. Thatâs why we see guys raking in BILLIONS in profits while paying their employees MINIMUM WAGE now. Thereâs no longer any incentive not to.
The higher tax rates were an incentive for the wealthy to limit their investments.
Make up to the high rates and sit pat after that for the rest of the year.
Why risk your money for a possible 10 percent gain after taxes?
It was like having a throttle on the economy.
notice how the haters of successful people refer to successful policies as âtrickle downâ because they really dont understand it and want to ridicule it with an expression invented as a joke decades prior
They do indeed. Envy is a terrible thing.
2 Likes
NJBob
272

gooddad409:

Toll_Collector:

NJBob:
I donât know what your dad did for a living but ask yourself this, would a person today, doing what he did, manage to take their family of four from poor to solid middle class?
As solid middle class, did your family own a house, a car, take vacations? Could a person today, doing what your dad did, have a chance at having these things?
I think the main difference today is that youâre not getting an entry level job out of high school and raising a family. I donât know how old you are, but Iâll assume you grew up in NJ? In the mid 80s when I was entering the workforce here in NJ there were many entry level jobs that paid halfway decent money right out of high school. But if I tried to raise a family I would be closer to broke than middle class. Now those jobs are scarce and much harder to get. Some jobs pay less now, like supermarket cashier.
The entry level jobs werenât any better back then but folks had no problem with living extremely austere lives with no frills at all, in fact it was the norm back then.
Looking back i know we were poor for a decade or so but so was everyone else so we didnât even notice or think of ourselves as poor.
Most folks worked hard enough long enough to advance and improve their lot in life.
There was more opportunity for people entering the workforce back in the 1950s. Factory jobs, for semi-skilled workers, were plentiful and paid a middle class wage.
That is no longer the case.
the haters of personal wealth growth - all their policies and ideas center around that idea - class envy. the democrats (and their media) have them trained to feel that
then they start whipping around terms like âfairâ and âridiculous profitsâ
Its called âtrickle downâ because the rich consume everything, and then weâre supposed to be satisfied with the rich pissing whatâs left on everyone else.

NJBob:

gooddad409:

Toll_Collector:

NJBob:
I donât know what your dad did for a living but ask yourself this, would a person today, doing what he did, manage to take their family of four from poor to solid middle class?
As solid middle class, did your family own a house, a car, take vacations? Could a person today, doing what your dad did, have a chance at having these things?
I think the main difference today is that youâre not getting an entry level job out of high school and raising a family. I donât know how old you are, but Iâll assume you grew up in NJ? In the mid 80s when I was entering the workforce here in NJ there were many entry level jobs that paid halfway decent money right out of high school. But if I tried to raise a family I would be closer to broke than middle class. Now those jobs are scarce and much harder to get. Some jobs pay less now, like supermarket cashier.
The entry level jobs werenât any better back then but folks had no problem with living extremely austere lives with no frills at all, in fact it was the norm back then.
Looking back i know we were poor for a decade or so but so was everyone else so we didnât even notice or think of ourselves as poor.
Most folks worked hard enough long enough to advance and improve their lot in life.
There was more opportunity for people entering the workforce back in the 1950s. Factory jobs, for semi-skilled workers, were plentiful and paid a middle class wage.
That is no longer the case.
No there wasnât. Opportunities to make low wages was the norm.
Most working folks were poor to be honest. At least for a long time.
If they worked hard enough, were thrifty enough, they could improve to middle class after a decade or two.

thinkingman:
the haters of personal wealth growth - all their policies and ideas center around that idea - class envy. the democrats (and their media) have them trained to feel that
then they start whipping around terms like âfairâ and âridiculous profitsâ
Well we already know that you guys have no comprehension of the concept of MODERATION.
not fair that some are winners in âlifeâs lotteryâ but some arenât, huh?
what you think you know is wrong.
Nope itâs not, thatâs why we should never stop trying to make it fair.
as long as itâs your version of âfairâ huh?
who gets to be the âfair police?â
i bet numbsculls like âcolonial cauliflowerâ AOC and america hater Omar
anyone who doesnt think itâs âfairâ that some succeed while others dont even try will certainly not like hearing that - no