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To put this in context, a 70% rate on the top marginal income tax bracket is not unprecedented, or even high by historical standards [1]: > Sanders said income
by jakelazaroff 8y ago
To put this in context, a 70% rate on the top marginal income tax bracket is not unprecedented, or even high by historical standards [1]:
> Sanders said income tax rates under Eisenhower were as high as 90 percent.
> A look through the records shows that top earners in the eight years of Eisenhower’s presidency paid a top income tax rate of 91 percent. It was even a bit higher before he took office.
> We rate Sanders’ statement True.
[1] https://www.politifact.com/truth-o-meter/statements/2015/nov/15/bernie-s/income-tax-rates-were-90-percent-under-eisenhower-/ https://www.politifact.com/truth-o-meter/statements/2015/nov...
- kansface 8y ago> income tax rates under Eisenhower were as high as 90 percent. Climate change is not WWII.
- Daishiman 8y agoNo, it is actually much, much worse.
- kenforthewin 8y agoYou're right - the stakes are much higher with climate change.
- kansface 8y agoSure, but they are not imminent (what is the pearl harbor of climate change?). Further, climate change is highly politicized whereas WWII mobilized the entire country in purpose.
- InitialLastName 8y ago> what is the pearl harbor of climate change? I'd say Katrina, Sandy, Irene, Maria, Camp, Woolsey, and Mendocino, but if you're not convinced already you'll never be.
- sierdolij 8y agoDisclaimer: I'm apolitical because right/left is divide-and-conquer, divided-we-fall noise. Climate change shouldn't be political or some far-off hypothetical.. no propaganda, rationalization or BS can deny the mountain of evidence that it's an immediate, existential threat that demands immediate, decisive action on the decatrillion-dollar moonshot scale (roughly the total, multi-decade cost of Iraq & Afghanistan).
- british_india 8y agoOh yes they are! The CO2 warming we are seeing today come from CO2 that entered the atmosphere 10 years ago. So, the damage is happening RIGHT NOW.
- kuhhk 8y ago> income tax rates under Eisenhower were as high as 90 percent. > Climate change is not WWII. The sentence you highlighted has nothing to do with WWII. Eisenhower was president from 1953 to 1961.
- loeg 8y agoTechnically correct, although dividends were excluded from the high income rate, so most ultra-wealthy just took much of their income in dividends instead. (Or pursued other means of tax avoidance[0], or tax evasion[1].) [0]: i.e., legal [1]: i.e., illegal