, 7 tweets, 3 min read Read on Twitter
As most know or should know, Ronald Reagan, the conservative icon, was early in his life a left wing Democrat.
It’s true, supporter of FDR, the whole nine.
What changed???
As president of SAG, Reagan saw the whole of the movie business, a very good microcosm representing the counties workforce at large.
With top tax rate over 90% in the 1940s. Reagan saw the real damage up close.
The high paid actors, directors and producers would simply stop working for the year once they made $200,000. Understandable, after that 94% would go to the feds… effort is not only worth 6%.
This worked fine for those that hit the $200,000 mark. They would like to make more, but they’re comfortable kicking up for the year. If actors and producers aren’t working… no one is. Most works in the industry struggle during the down time. Most don't earn near $200k!
Set builders, make up artists, writers, camera crews, the endless people behind making movies… for them, work dries up because those at the top are incentivized to stop producing prematurely in the year. Creating undue, needless hardship on most in the industry.
Reagan saw this and that’s where everything clicked.
The 1970s was economic gloom. Result of decades of top rates at 70%. Reagan changed that… the economic credit Clinton enjoys would have not been if Reagan had not preceded him. #FactsMatter
Government removing capital from the economy helps nothing but a growing bloated Leviathan.
Accountability and results only matter in the private sector, best to leave as much cash there as possible.

*OVER* taxation is state sponsored theft. 🇺🇸🇺🇸🇺🇸
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