The Un-Welcomed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

SI - Site Forums : The Un-Welcomed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DuckTapeSunroof who wrote (14)	4/25/2009 1:36:49 PM
From: Roebear	Read Replies (2) of 345

Challenge, go back to early WWII years and before and the rates were more like 1-2% for the middle class, the real middle class. Before 1913 Federal taxes were virtually nill for anyone not buying imported goods as there was no income tax (except for Civil War years) and the budget was met with import duties. I believe people in the 50's & 60's believed we had just fought a very expensive world war, we were then involved in smaller but expensive wars (Korea/Vietnam) and were in danger of global conflict via the cold war which required excessive expenditures for defense. No I don't know if that was true or not, and its easy to argue either way with 20/20 hindsight knowing how things turned out, I'm just saying that was the mindset back then, so taxes were paid without as much grumbling as would have been otherwise. Since then?? Well, Ike did give a speech about the military industrial complex back then and he should have known...looks like he was right.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next