...   
      
    TW> FDR tries that in the 30's and it weas a DISMAL FAILURE.   
    TW> In fact the TAX revenue Dropped.   
      
    Tom, when in the 30s? It was a depression.   
      
    TW> Compair this socialist trick with JFK and Reagan LOWERING   
    TW> the tax bracket which resulted in an INCREASE in the IRS   
    TW> revenue.   
      
    Reagan cut taxes and the debt tripled. Bush I waited too long to   
    end Reaganominics and that tripled turned into quadrupled.   
      
    Reagan increased taxes and revenue increased, Bush I increased   
    taxes and revenue increased, Clinton increased taxes and revenue   
    increased. Obama increased taxes and we had the faste drop in   
    deficit this country has seen in probably a generation.   
      
    The only time in the history of this country when a president   
    got taxes cut and it can be actually shown was JFK, who cut   
    taxes from 90somthing % to 70something%.   
      
    If you ever look at the Laffer curve, really look at it,   
    understand the most important thing. It is a standard curve,   
    where both the upper end and the lower end result in lower   
    revenue. If you look at it the peak is about 50% peak income   
    tax. Other economists have verified that. Which is why JFK's   
    cuts worked.   
      
    Reagan cut them to the 40% range. The only reason revenue   
    increased was the economy grew, the same reason revenue grew   
    most of the time. That 40% is below the peak revenue marker.   
    Today it's even lower thanks to GW Bush.   
      
    Much of the distortion of our economy is from tax cuts aimed at   
    the rich.   
      
    BTW, I was looking the other day at some other economic stats,   
    and ran across a detail of interest. Just before the Great   
    Depression began we had a run up in income inequality. The rich   
    started getting all the gains. Look at what is happening now.   
      
      
      
   BOB KLAHN bob.klahn@sev.org   http://home.toltbbs.com/bobklahn   
      
   ... If God intended us to be metric he would have given us ten fingers.   
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