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Harken Energy Corporation (HEC) Message Board

terracin 1 post  |  Last Activity: Jan 30, 2015 5:31 PM Member since: Feb 23, 1998
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    Lacy Hunt joins the 30Y-will-dip-below-2% brigade

    by merenkov Jan 30, 2015 12:36 PM
    terracin terracin Jan 30, 2015 5:31 PM Flag

    Reagan, I liked him too. He did start the marginal tax rated decline. In 1970, it was 70%.In the 40/50/60's it was 94% Now Warren is paying a lot less than his secretary per-centage wise. 30 years post the 80's we have a difference demographic, and it's a big one. The boomers are not the big spenders anymore. Infact, they're actually trying to save the middle class is sinking rapidly. I won't mention the poor living under the bridge. The tax laws are hugely slanted to one side, namely the rich. Prosperity needs to be distributed more evenly. My first job at minimum wage in the 60's bought me 5 gallons of gas, or 5 loafs of bread. hmmmm, maybe we'll see close to 5 gallons at minimum wage now. But you know... I don't think it'll be a good thing.....