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View Diary: Susan Eisenhower takes another drastic step (376 comments)

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  •  The nominal tax rate for individuals during (9+ / 0-)

    the Eisenhower years - for those earning more than $400,000/year was about 90%.

    Pressured repeatedly to reduce this rate, Dwight Eisenhower refused. The rate was maintained at 70% [at a reduced $200,000/year level] until 1980, when Voodoo Economics started.

    http://www.truthandpolitics.org/...

    The real unraveling of the Republican Party started when Reagan screwed with conservative capitalism of progressive taxation.

    Privatization of the public sector, massive corruption and influence of lobbyists and corporations, smashing of the unions and destruction of the manufacturing base started with Reagan, and has been maintained through _all of the intervening administrations, including Bill Clinton's. All of this has contributed to the poisoning and destruction of the Republican Party.

    Every time you hear "McCain", shake those keys!

    by shpilk on Fri Aug 22, 2008 at 03:13:23 PM PDT

    •  Excellent summary, shpilk. Eisenhower was a (0+ / 0-)

      Republican who still accepted the post-New Deal consensus, which included a very significant reduction in the concentration of wealth in the US. He was an also an honest man. An honest conservative has become a concept hard to grasp.

      THe neo-cons have determinedly attacked all aspects of the New Deal legacy. In some cases they've been rebuffed (Social Security).  In other cases, they have gotten astonishingly far, in part by never really admitting what they're doing.

      Krugman says the concentration of wealth in the US now is as extreme as during the 1880's "Robber Baron" period. That period also saw enormous corruption in both the economic and political spheres.

      Vote John McCain for a Hundred Year War!

      by Fiona West on Fri Aug 22, 2008 at 04:28:55 PM PDT

      [ Parent ]

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