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<blockquote data-quote="804brown" data-source="post: 814382" data-attributes="member: 29553"><p>FDR implemented the 91% rate to help pay for WW2. Bush jr should have raised taxes to pay for his wars. Oh thats right, he cut them for the richest. Good move?? </p><p> </p><p>Who am I to say anyone should pay more?? We have had a progressive tax system since about 1909. During WW1 top tax rate was 77% <strong>to pay for the war </strong>. They were lowered to about 24% in the 1920s, but to help <strong>stimulate the economy</strong> during the great depression was raised to 63%. During WW2, FDR raised it to 91% <strong>to pay for the war </strong>and Eisenhower even raised it to 92% for two yrs <strong>to help lower the federal debt from WW2!</strong> </p><p> </p><p>Are you getting it yet?? When this country has needed funds to pay for wars and stimulate the economy and pay off debts, <strong>we have asked the richest among us to pay more! </strong>It is about fairness!</p><p> </p><p>On Clinton, it is par for the course. Reagan grew the economy by heavy government spending on the military (putting it all on the government's credit card that we are still paying off) and lets not forget the Savings and Loan scandal happened during his term. The dot coms also was a false idol but fact is taxes were raised during his term from 31% to 39.6 % and the economy still grew. I would make a joke about Clinton and the dot coms and something to do with dots on a cetain dress, but I digress!</p></blockquote><p></p>
[QUOTE="804brown, post: 814382, member: 29553"] FDR implemented the 91% rate to help pay for WW2. Bush jr should have raised taxes to pay for his wars. Oh thats right, he cut them for the richest. Good move?? Who am I to say anyone should pay more?? We have had a progressive tax system since about 1909. During WW1 top tax rate was 77% [B]to pay for the war [/B]. They were lowered to about 24% in the 1920s, but to help [B]stimulate the economy[/B] during the great depression was raised to 63%. During WW2, FDR raised it to 91% [B]to pay for the war [/B]and Eisenhower even raised it to 92% for two yrs [B]to help lower the federal debt from WW2![/B] Are you getting it yet?? When this country has needed funds to pay for wars and stimulate the economy and pay off debts, [B]we have asked the richest among us to pay more! [/B]It is about fairness! On Clinton, it is par for the course. Reagan grew the economy by heavy government spending on the military (putting it all on the government's credit card that we are still paying off) and lets not forget the Savings and Loan scandal happened during his term. The dot coms also was a false idol but fact is taxes were raised during his term from 31% to 39.6 % and the economy still grew. I would make a joke about Clinton and the dot coms and something to do with dots on a cetain dress, but I digress! [/QUOTE]
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