Author Sharon E. Cathcart ✅ on Nostr: Quote from article: So, here we are in a situation much like the one that FDR faced ...
Quote from article: So, here we are in a situation much like the one that FDR faced when he first came into office in 1933. Homelessness stalks the nation; three morbidly rich individuals own more wealth than the bottom half of Americans; gun crime is at Bonnie and Clyde levels; and workers are terrified of their employers, who force them to sit through anti-union indoctrination sessions or lose their jobs.
To solve this crisis, we must gather and gain the political strength and will to once again raise the top income tax rate up to 90 percent; to overturn the Taft-Hartley Act and restore the right to unionize without interference; and to strip the poison of big money out of our political system.
My thoughts: According to a biography by Peter Guralnick, a reporter once asked Elvis Presley how he felt about being in the 90 percent tax bracket. His response was that he wrote the check and paid, because those tax monies went to help a lot of people.
https://open.substack.com/pub/thomhartmann/p/what-happens-when-you-tax-billionaires-fa3?r=1ekuyr&utm_campaign=post&utm_medium=email
To solve this crisis, we must gather and gain the political strength and will to once again raise the top income tax rate up to 90 percent; to overturn the Taft-Hartley Act and restore the right to unionize without interference; and to strip the poison of big money out of our political system.
My thoughts: According to a biography by Peter Guralnick, a reporter once asked Elvis Presley how he felt about being in the 90 percent tax bracket. His response was that he wrote the check and paid, because those tax monies went to help a lot of people.
https://open.substack.com/pub/thomhartmann/p/what-happens-when-you-tax-billionaires-fa3?r=1ekuyr&utm_campaign=post&utm_medium=email