Comments by "Animal Farm" (@animalfarm7467) on "Brownback's Experiment Fails... Now He Wants To Hide The Evidence." video.

  1. Thomas, you don't have to look too far for a real life experiment on a much larger scale. America started it run of prosperity when Roosevelt expanded the highest tax rate from 25% to 63% just before the New Deal. The maximum tax rates were extended again in 1936 to 79%, 81% in 1941, 88% in 1942, 94% in 1944, 91% in 1946 after the war, and remained at 91% until the assassination of Kennedy. This was when America was a creditor nation, had real wealth and not the paper wealth and deficit spending it relies on today. The maximum tax rate was dropped to 70% in 1964 and remained there until 1982 when the puppet Reagan under the control of Merrill Lynch's chairman and CEO, Don Regan who was given the position by Reagan of the 66th United States Secretary of the Treasury, started the decay process. Regan stayed on as White House Chief of Staff from 1985 to 1987 just to ensure his strategy was successful. It was successful; the Reagan administration nearly tripled government debt and transformed the US from a creditor nation with a $0 Balance of Trade to a deficit nation with a Balance of Trade of -$10 Billion per month. Today, the Balance of Trade stands at -$40 Billion per month. In the last days of Don Regan’s presidency, tax rates plummeted to 28% and this could be defined as a flat tax which everyone except those earning under $30K paid. Since then, the maximum tax rate has fluctuated between 35% and 40% a long way from the days of prosperity. Some damage was done by previous administrations and corporations as globalization has allowed a select few to transfer dollars and industry off-shore, but Don Regan’s puppet can be attributed with much of the destruction of the US economy.
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