CampeadorAnd throughout the whole thing you fail to mention how working six months out of year for the government is a good thing. Oh, I'm sorry, because it's "fair".
Nice sugar coated history lesson on FDR you got there, I can see the public school brainwashing continues unabated. The New Deal was a socialist failure, and we are still paying the price for FDR's social experiments. To give credit to FDR for the post-war recovery is ridiculous at best. Perhaps the fact that the world was in ruins, and the only economic powerhouse was the United States may have had everything to do with it. Our ability to export (and produce domestically with no foreign competition) drove manufacturing, and made blue-collar workers middle class.
In 1980 the United States was facing a massive recession, Reagan's policies boosted the fastest and one of the most aggressive recoveries in US history. The policies of Calvin Coolidge had similar effect. The policies of FDR? Not a chance. By the way, money has always been in politics, what kind of drugged dream-state do you live in where this started in 1980?
The changes in wages and employment have are related to supply and demand, and the negotiation of bad trade deals with nations that manipulate their currencies.
Also, you know damn well that no one actually paid the 90% tax rate, that is a myth perpetuated by the left. The ways around it were numerous and easy.
As far as the 50% tax rate, Arthur Laffer's curve suggests no such thing, you have a severely flawed understanding of it (or thought the simplified diagram in your high school econ class was to be taken literally). Laffer's curve generally favors lower taxation across the board as a way to stimulate growth (and I find it quite ironic that you reference one of the thinkers behind supply-side economics, I mean trickle-down, gasp!). Laffer was one of Reagan's chief economic advisers.
Also an interesting piece on how FDR's policies prolonged the Great Depression:
http://www.wsj.com/articles/SB123353276749137485
Well, technically they aren't working for the government for six months out of the year, they aren't receiving any compensation so they are enslaved to the government for six months out of the year, that is if you think government services are useless as many conservatives do. And why is it a good thing? Well that's extremely simple, the top earners in this country don't spend nearly as much of their income as middle class families. When we have all that money not being spent and exchanged for goods and services, our GDP doesn't reach it's full potential, and America as a whole does not do as well as it could. Even with my limited public school propaganda bullshit education, I can still tell you that is why that is a good thing.
To be honest, you are correct, I have a very limited knowledge on economic history, something I'd definitely like to improve on later in my education, but you cannot deny that in the last 50 years or so, campaign spending has increased along with lobbying activity in Washington, here is a link to exact numbers:
http://www.cfinst.org/pdf/vital/VitalStats_t2c.pdf
Spending has increased by 4 fold since 1974, but maybe that is insignificant to you.
Are you saying the 90% tax was irrelevant? I assume that despite loopholes it still would have lead to higher tax rate than we have today on the top earners, considering how much lower wealth inequality was at the time those tax rates were instated.
I was referring to 50% taxes as the optimal amount for Government Revenue, not for economic growth as a whole, besides when we take that higher amount away from the top earners it stimulates more growth in the hands of the poor and middle class than it would have at the top. But yeah, I honestly don't know what I'm talking about with the Laffer guy, I was just trying to sound smart.
Disregarding any arguments over history or cause and effect relationships in economics, I have some questions for you. Do you believe that wealth inequality is at the magnitude that the left seems to claim it is at? Do you believe the current magnitude of wealth inequality is a thing we should be worried about? Also, do you believe that the outsider candidates on either side of the aisle, specifically Donald Trump and Bernie Sanders, are correct in thinking that the increase of big money in politics is a problem that is silencing individual voters?