What if tax brackets worked this way would the Rich/Wealthy still be Rich if the rich paid 70% on the first fe?

From 1944 to 1961-62, the number of millionaires increased from 13,000 in the US to 80,000. During this time the top tax bracket varied from 90% to 92% (not 91%, a distinction without a difference) under Dwight D. Eisenhower.

The growth can be ascribed to the rapidly increasing purchasing power of the middle class and the demand it placed on more and more goods and services. Enterprises had to grow and hire more people to meet that rising demand. How does that compare with today, when we have the wealthiest 1% of our country in control of our media and our government, and paying the lowest taxes they have ever paid?

I hope this answers your question. In a word, yes. Some of the wealthiest Americans, those sitting on some two trillion dollars they do not invest in the US economy, would not be as wealthy as they are now, but there would be many more millionaires as a result of there being more consumer demand for more and new goods and services.

EDIT: A return to a steeply graduated income tax would also contribute immensely to resuscitation of the middle class and a sense of hope for the present and future generations of ALL Americans.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

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