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FogerRox

(13,211 posts)

9. YES-Thats the difference between New Deal tax policies

Reply to safeinOhio (Reply #5)

Tue Jan 24, 2012, 09:02 PM

Jan 2012

and tax policies over the last 30 years.

In 1980 the top income rate was 70%, effective rate 23%, today:35%-20%. During the 80's the majority of capital incentives to invest incountry to create US jobs have been eliminated.

And now we have the jobless recovery.

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28 replies

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I would be just a tad bit more understanding of Romney's wealth if, and it's a huge if... [View all] WCGreen Jan 2012 OP

Read this RS piece about his father -- he sounds like a democrat and someone of strong principals! gateley Jan 2012 #1

I remember Romney from 68... WCGreen Jan 2012 #3

I've always said that those of great wealth were braver and more willing to stand for what gateley Jan 2012 #6

That has to be part of the reason they are so active in politics RZM Feb 2012 #23

Where do you think the capital to create jobs comes from? badtoworse Jan 2012 #2

In what way does it punish investments.... WCGreen Jan 2012 #4

Taxing investment income at the marginal rate does not encourage people to invest. badtoworse Jan 2012 #8

There will be no job growth in the USA safeinOhio Jan 2012 #5

YES-Thats the difference between New Deal tax policies FogerRox Jan 2012 #9

Well for me and my business, we create more capital by working harder and smarter. riderinthestorm Jan 2012 #12

Your work ethic is admirable and your success grew out of your own hard work badtoworse Jan 2012 #15

What about Jobs and Apple? riderinthestorm Jan 2012 #16

You sound like a supply sider Cali_Democrat Jan 2012 #13

Probably not from Mitt Romney or people like him. TheWraith Feb 2012 #21

There are three kinds of investments jmowreader Feb 2012 #22

The lines are not that well defined and the implementation of the idea would become hugely political badtoworse Feb 2012 #24

From "the tax code should encourage investment" to "Taxes should be for raising revenue" in 2 posts muriel_volestrangler Feb 2012 #25

I guess I'm busted. Maybe I have a future in politics badtoworse Feb 2012 #28

Jobs are created by DEMAND. If B Calm Feb 2012 #26

There is nothing "uniquely American" about self-made men. Every country has them. Fool Count Jan 2012 #7

None....... FogerRox Jan 2012 #10

Well said! And I agree...n/t CaliforniaPeggy Jan 2012 #11

I've got a huge problem with him stashing his cash in Switzerland, Ireland, and AtomicKitten Jan 2012 #14

"There is something uniquely American about the self-made man..." RUMMYisFROSTED Jan 2012 #17

All myths are based on fact... WCGreen Jan 2012 #19

Not one country? RUMMYisFROSTED Feb 2012 #20

"It wasn't a guarantee..." RUMMYisFROSTED Jan 2012 #18

There are plenty of wealthy people from privileged backgrounds that are not like Romney. Jennicut Feb 2012 #27