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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (107966)	1/23/2012 7:45:10 PM
From: mel221	Respond to of 149317

>> Ike had the top tax rate of 90% and the 50's was the best time in the countries history. This is very telling about the differences between liberals and conservatives. Liberals see success of the 1950s as being caused by the high federal tax rate of 90%. Ah Ha! High tax rates cause economic success. Conservatives recognize that the success of the 1950s was caused by the utter destruction of the world's economic capacity outside of the US during World War II. This along with pent-up applications of new technology applied to consumer products allowed US companies to innovate without competition. No international competition allowed for higher prices and higher wages. The 50's were also the age of cheap and unlimited supply of energy. That liberals see the 90% tax rates as being responsible for the country's success during the 1950s is truly reflective of their superior intellect!