Friday, December 26, 2008

Screw the Rich

You know, there was a time when Democrats like Harry Truman were not afraid of saying "The Republicans are the Rich Man's Party, while the Democrats are the Party of The Common Man."

Here's the thing: screw the rich. They've been doing just fine for the last 35 years, getting richer and richer and richer, while no one else has gotten a raise.

The top marginal tax rate during the administration of that notorious Leninist, Ike, was 91.5 percent. That is not a typo. It resulted in it not being worthwhile to make 300 times as much as your lower paid workers, because taxes would eat up the portion of your income that could be described as obscene. The fifties were not exactly a time of breadlines and hardship. There was a broad and solid middle class.

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