by Geezer Power
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Thom Hartmann talks to Larry Beinhart on Air America Radio about why you should be screaming for higher taxes on the wealthy. Bienhart, famous for his book Wag The Dog, regularly blogs on Huffington Post.
By Larry Beinhart, Posted January 12, 2009.
Why are we so resistant to raising taxes? It’s our nature. Nobody likes to give up their own money for the common good.
US economic growth has been strongest when our taxes have been high. During World War II, then under Truman, Eisenhower, and Kennedy, our upper marginal tax rates were between 88-92%. Read those numbers again. They are astonishingly high. Those were our strongest growth years.
It is just a matter of time when the economy totally collapses and foodless families turn to violence while
MorganStanley CEO takes home to his “Household” a
$225Million “Performance Christmas Bonus” Of our hard earned taxpayer money from TARP.
This “Brilliant performance” was using OUR TARP money to buy 5Million BBLS of crude and stuff it on “Argenta” tanker
at a daily parking rent fee of $68,000PerDay compliments
starving jobless shelterless American Taxpayers. This manuever is to prop up oil prices forcing US to pay higher gas pump and oil prices.
I am going to do something about this. This is what Federal
Court System is about……