Was every president prior to Ronald Reagan a socialist?

Was every president prior to Ronald Reagan a socialist?

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Top tax rate is such a garbage measure, nobody ever paid 94% taxes, ever. Nobody did. It was closer to 60% during TOTAL WAR.
When the wars mostly ended under Reagan, taxes should have fallen. The perpetual wars have lead to perpetual high taxes.

There’s no way that’s accurate

Communism is no longer a threat, no need to have Scandinavian taxes and welfare.

I know using Google to check is hard for you racists.

Yeah well leaving the country was a lot less lucrative back in the day. Now the location you call HQ is simply for taxes

Imagine thinking the wealthy in America during the last 40 years have suffered from high taxes. Lol

Where did Jimmy Carter go

And the living standards shot thorugh the roof thanks to reagan.

Convenient graph starting post federal reserve kikery

They were all socialists, even GWB who everybody apparently loves now. It’s only Trump that’s bad.

This.

People didn't pay that amount because they got compensated with company accounts and cars and shit. Hell, back then to get around bribery rules for giving the astronauts Chevy leased corvettes to Astronauts for $1 a year

Maybe we should abandon the system that encourages countries to compete against each other for the favor of corporations accountable to no one?

>Maybe we should abandon the system that encourages countries to compete against each other for the favor of corporations accountable to no one?
Indeed abolish taxes worldwide

Imagine acting against your self-interest to defend the surplus income of some billionaires you'll never meet.

redpill me on the federal reserve.

actually closer to 40%.

nixon left the gold standard (fdr actually abandonded it decades ago but goldbugs pretend that's not true)

>I'm 12 and what are economics
Lmao

I know that our economic system encourages lowering taxes to gain the favour of business owners and prevent capital flight, that's the reason I wish to abolish it. It's you who doesn't understand.

>its ok to take 40% of someones wealth

no

it's pretty well known if you've ever cared to look into history. hell, there's a twilgiht zone episode where a dude wishes for a million bucks from a genie, gives away a lot of it, and the irs comes for their 90% cut

Peak Dunning Kruger

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This

Their wealth is determined by society itself. If people refused to accept their money it would be worth nothing, taking some of it from them is a compromise.

no u

>Their wealth is determined by society itself. If people refused to accept their money it would be worth nothing, taking some of it from them is a compromise.

Having a revolution and over throwing fiat currency is the only form of compromise.

>nixon left the gold standard
why does that matter? People always shit on the federal reserve but I don't understand whats so evil about it.

I'm not a socdem, I agree that revolution is the only way forward for the interests of the working class.
On the latter point, the gold standard was significantly worse than fiat, its universality and inflexibility to differing internal markets suffered from the same issues that the Euro is facing now.

How about go all the way back to 1913 next time?

>but I don't understand whats so evil about it.
Holy literal fuck.

you're confused why a scarce material is safer for the public to use as currency as opposed to an organization able to create its own currency on the fly?

Here is the "for babbys" version you newfag fuck

youtube.com/watch?v=8NBSwDEf8a8

Righttards getting their talking points ready

>basic economics is a "talking point"
oof

This is retarded cause the top rate was a much higher income rate. The issue now is that 40% is applied to every small business and upper middle class person and the rich just use loopholes. It fucks the working man and multibillion dollar companies rule with loopholes.

Yes.

teachinghistory.org/history-content/ask-a-historian/24489

The wealthy by definition are people who surpassed the tax rate to generate a large amount of money despite it.
Its survivorship bias. You never see the guys who pay a huge tax bill and then lose all their money the next year and no longer have enough backup to keep their companies afloat.

Not every president, but definitely every president since that fat kike FDR.

Classic.

Try harder

>Try harder
Double oof

>teachinghistory.org/history-content/ask-a-historian/24489
That provides no information on effective tax rate. Just publicly shown tax rate.

>This is retarded cause the top rate was a much higher income rate.
Not true, it was significantly lower. Reminder that FDR's 94% top tax bracket was for >$25,000 (slightly under $300,000 today) while the current top bracket in the US is for >$500,000 at 37%

>haha Republicans are so dumb. "SoCiAlIsM sOcIaLiSm!"
>anyway, late stage capitalism is the cause of all of our problems and what we really need is Socialism

Why the fuck did this asshole skip ford and carter?

It costs money to run a country. Ever wonder why the USA is slowly turning into a shithole?

The reason it was created was to avoid the crises of inelastic currency. It's terribly implemented because it allows private banks to act as federal agents. Income tax was enacted around the same time as the feds creation. Inelastic currency is good for normies and landowners but in a large economy means banks can fail as they can't collect interest at a fixed rate. Elastic currency was supposed to fix this (it didn't, see the great depression and 2008). So the federal reserve ends up the arbiter between our tax money and the (((lenders))). It's all made up and the points don't matter. That's how we afforded 2 world wars and massive welfare programs. There were only excise taxes when this country started. We weren't paying for all this shit. Your money was yours and you only had to pay if you bought or sold alcohol, tobacco, etc. The fed allowed the government to get addicted to taxing us and turning us to tax cattle to pay for globohomo and world police.

Liberals and Socialists are not the same thing and your first line is making fun of the former.