Millions of credit-card customers can’t pay their bills

Re:Millions of credit-card customers can’t pay their bills by cycomanic on Saturday April 25, 2020 @04:15PM (#22981070)

I encourage you to look up the top bracket marginal tax rate in the US in the 50s and 60s, the period that is generally considered the golden area.

It's the idiology of trickle down economics that somehow instilled the concept of high taxes for the richest are bad, even though it was never based on evidence (just some handwaving theory why it should work) and in fact has been proven again and again to not work.

So yes short answer make the rich pay their fair share.

[ Parent | on HN ]

Re:Millions of credit-card customers can’t pay their bills by erik_seaberg on Saturday April 25, 2020 @07:04PM (#22982441)

Trickle down economics plus globalization worked pretty well for very poor workers in other countries. They just bypassed US workers, because the sheer cost of living makes us uncompetitive in most industries.

[ Parent | on HN ]