Brendan Frasier, The Hill
The word "tax" comes up only one time:
... When I asked her why she called herself a democratic socialist, she
listed ideas like raising taxes on the wealthy, expanding childcare,
paid family leave and strengthening labor protections. I told her that
these are not socialist positions. These are social capitalist policies. ...
In 1936, 98% of earners made less than $4,000 a year. The tax on that was effectively 3%, or $120.
The average income was far less, about $1,000 a year. The tax on that was effectively 0% because of the $1,000 personal exemption.
Revenues were raised by soaking the rich, leaving the rest of us alone.
Democrats should by all means revive the New Deal. They'd win in a landslide. Unfortunately, most of them seem to be leftists, not Democrats.
Dhey no speaka da language.
