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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (110092)1/3/2016 1:16:14 AM
From: Elroy Jetson  Read Replies (1) of 110194
 
Almost everyone felt like they were growing up Middle Class in the 1970s in America, whether in New York like you did, or in California as I did, or elsewhere.

Then Ronald Reagan greatly reduced income tax rates on the wealthiest Americans and increased payroll taxes on working Americans.

It's hardly surprising this change in who got taxed resulted in huge income disparities over the next 36 years.

Reagan used a very simple recipe to destroy America's Middle Class.

The really sad part is Trump wants to introduce more of the same, reducing income tax rates for those making more than $400k annually from 39% down to 25% — and you're already signed-up as a supporter!?

What's wrong with you? Of course you''ll be able to complain about the worsened budget deficit under Trump and whinge on about how badly we need to eliminate Medicare and Social Security benefits for the elderly.

For now you think "the solution" is California needs to house all of Florida's homeless. Deal with your own problem. Deal with the underlying catastrophe of inequality you voted into place as tax policy.

This catastrophe in America is entirely self-inflicted. You need to admit what you've done wrong and reverse course. Stop digging, the hole is already deep enough!
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