the american street: Are You Better Off Now Than You Were in 1980?:
"The great progressive era extended from 1932 to 1968 and produced risk collectivization in the form of Social Security, Medicare, and welfare. The economy boomed and the US emerged from WWII as a financial superpower. In 1970, at the conclusion of the period, the median family household paid 16% of their incomes in tax (income and FICA) and the top 1% paid 69%. At the same time, corporations had a tax rate of 17%. The period, known as 'the great compression' because the richest and poorest Americans were closer in wealth than at any time since the early 1800s, ended in 1980 with the election of the optimistic Ronald Reagan."


the fact is, liberalism works...
when will all you "real-worlders" out there get it?

M