by Geezer Power
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.