Our president has just announced the “beautiful tax cut plan for the middle class,” which in reality gives the biggest benefits to the wealthy, who should then miraculously stimulate the economy.
The truly prosperous times were the Eisenhower years of the 1950s, when all individual income over $100,000, roughly equivalent to a present one million, was taxed at 71 percent. The resulting revenues were not invested in military buildup, but mostly in education and infrastructure. Everybody who wanted to work could find a job with reasonable wages. I started out at $1 per hour, made a decent living, and could pay for my college education, at the royal cost of $200 per year.
Gert Aron, Boalsburg