Quote:
Originally Posted by whell
Yeah, the left likes to keep pointing this out. It's an analogy that lacks context though. The only way the analogy works is if we also bring back Carter era run away inflation and double digit interest rates, and push the unemployment rate back up above 8%.
Raising the cost of converting capital and increasing the disincentives to take the risk of opening / expanding businesses just might get us there. Where's my Gerry Ford WIN button?
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Right, because the economy really sucked back in the 1950's when the top bracket was 90%.
