Something that I suspected for a long time is that if you don’t name it socialism Republicans will like it. They had socialism when Ike was president, we all did.
If you take away the misogyny, racism and xenophobia from Trumps “platform” of high taxes on the wealthy and free healthcare for all, you get socialism.
Bernie Sanders is attracting record breaking crowds with his brand of socialism.
Bush and the rest of the GOP candidates are supply side conservatives.
Ms. Clinton is somewhere between socialism and conservatism.
It took a Republican candidate who didn’t need the Republicans extremely wealthy backers to finance his campaign, for us to understand that the Republican base doesn’t buy into Conservative Republican Supply Side Economics. The Republican base likes socialism.
“And here’s what’s interesting: all indications are that Mr. Bush’s attacks on Mr. Trump are falling flat, because the Republican base doesn’t actually share the Republican establishment’s economic delusions.
The thing is, we didn’t really know that until Mr. Trump came along. The influence of big-money donors meant that nobody could make a serious play for the G.O.P. nomination without pledging allegiance to supply-side doctrine, and this allowed the establishment to imagine that ordinary voters shared its antipopulist creed. Indeed, Mr. Bush’s hapless attempt at a takedown suggests that his political team still doesn’t get it, and thinks that pointing out The Donald’s heresies will be enough to doom his campaign.
But Mr. Trump, who is self-financing, didn’t need to genuflect to the big money, and it turns out that the base doesn’t mind his heresies. This is a real revelation, which may have a lasting impact on our politics…”
From:
Trump Is Right on Economics
Paul Krugman
New York Times
Dwight D. Eisenhower:
“Marginal Tax Rate on Regular Income over $400,000: 92% - 91%
Maximum Tax Rate on Long-Term Capital Gains: 25%
During the administration of Republican President Dwight D. Eisenhower, a 92 percent marginal income tax rate for top earners in the United States remained from the previous administration of Harry S. Truman. At the time, the highest tax bracket was for income over $400,000.
This was nearly the highest tax rate for top earners in the century, just under the 94 percent rate for income over $200,000 instated during World War II under Franklin D. Roosevelt's presidency.
In 1954, the 92 percent marginal rate decreased to 91 percent under Eisenhower. The maximum tax on long-term capital gains was 25 percent -- a rate that remained in place for a decade.”
SEE:
by Meg Fowler
NBC News
I think this is a big thing.
Ms. Clinton should pay attention.
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