1. US Tax policy will be future historian's Rosetta Stone for tracing the cause of the end of the American experiment. From 1940 to 1964 US income tax rates on incomes ranging from over 200k to 400k were over 80%. Most of the time over 90%. The rates started to fall in 1964
2. that I presume was the deal that made the Civil Rights Acts pass. Then the decline increased with Nixon and finally the massive Reagan tax cuts turned American economic life on its head. That massive lowering of top tax rates was accomplished by in large part by a determined
3. group of conspiracy theorists who claimed the reds were going to take over and destroy us all the while the guy who ran the group made his money workding for the Reds. The big lie we are witnssing devour our society was and remains the stock and trade of the
4. John Birch Society fist led by people like Fred Koch, Joseph Stalin's industrial achitect. All the damage being done to American society by the GOP and its #Cult45 is directly traceable to this small group of extremely wealthy Americans who gained power in our political
5. system by using the election financing laws to effectively own one of the two major political parties. And now we're begging for 37%? @JoeBiden may be stuck playing the weak hand the current House and Senate make up dictate. But if we work hard enough to pick up a net of
6. three in the Senate and hold the House, we can put the tax rates back to where they belong, leaving the goal of making it to be millionaire still achievable but make billionaires rare and thus kill the monster that is destroying our system and Democracy by funding bribery.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
