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Technology Stocks : All About Sun Microsystems
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To: Peter O'Brien who wrote (59385)3/10/2004 9:20:00 PM
From: cheryl williamson  Read Replies (2) of 64865
 
Yes, those supply-side policies of the Coolidge & the "roaring 20's" continued through the market crash administration of Herbert Hoover, who pushed lowering tax rates while 25% of the work force was out of work.

The point isn't in the numbers, it's in the sociology of humans who are alive and living in fear. Obviously lowered tax rates means nothing to someone making nothing. The trickle down theory was alive and well in 1932 when Hoover got his butt kicked (57% - 39%) and won only 5 states.

Marginal rates have been low for 20 years. Now, that is about to change.
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