Sorry but I just had to illustrate the silliness of the people on this board arguing that the US has been in decline economically since the 1980s. This is a perfect analogy - the US economy was going to hell in a handbasket in the 1970s as a direct result of the economic policies in place at the time - we then dumped Keynes and Galbraith, eliminated price controls, cut tax rates, reduced regulation, cut tariffs, allowed the economy to grow naturally, and as a result we don't have to stimulate it as much with inflation and thus on top of the growth have more price stability.
Now when you talk of "the rich" you're talking about 15% of us, not 1.5% of us, and if there's a "comfortable" class, a "becoming rich" class, that's about 30% of us. A minority, yes, but a minority about 10 times its size in the 1970s, and if we continue the low tax rates and low regulation and just freeze - not cut, just freeze - federal spending, it's be a majority in 2 generations.
2007-04-11
03:08:16
·
6 answers
·
asked by
Anonymous
in
Politics & Government
➔ Politics
http://www.freerepublic.com/focus/f-news/1229294/posts
http://www.nytimes.com/specials/downsize/21cox.html
http://www.bls.gov/opub/mlr/1988/05/art1full.pdf
http://www.frbsf.org/econrsrch/wklyltr/el97-07.html#winners
http://www.dallasfed.org/fed/annual/1999p/ar95.html
http://money.cnn.com/2005/05/25/pf/record_millionaires/index.htm?cnn=yes
http://money.cnn.com/2005/09/28/news/economy/millionaire_survey/index.htm?cnn=yes
http://money.cnn.com/2006/03/28/news/economy/millionaires/?cnn=yes
http://www.heritage.org/Research/Labor/bg1773.cfm
2007-04-11
03:08:23 ·
update #1
Johnny, the socialist branch????
You mean there's more to that tree?
I think it's the socialist ROOTS.
2007-04-11
03:22:06 ·
update #2