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Joined: 09/01/1996 Posts: 15178
Likes: 2585

But what was important about Ike's statement, is that

if corporations are encouraged to increase the expense of the business, and that means putting money intot he business, that should include increasing employee benefits and wages.

if corporations were given a direct tax advantage for increasing employee benefits that would otherwise fall on the government to provide, such as food stamps, housing, childcare, etc, then is that socialism? Or is it a better form of capitalism?

The 90% was a direct result of the fact that during WW II, those that owned the large companies hmade huge fortunes due to wartime production. And as an effort to placate the guys who served, there was the 90% tax, along with some serious widespread VA benefits that rewarded those who served

In WW II, the number of men who served was HUGE compared to today, where a small minority of men actually serve and go into a war.

Point is, do we learn for the economic affects of these practices? Apparently not. The 1950 was a huge boost to the economy that continued until the 1970's

Not learning hoistory is the issue here

(In response to this post by DB)

Posted: 02/13/2016 at 2:28PM


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Current Thread:
I like Ike -- buffdad 02/13/2016 12:53PM
  Or prorate taxes have never exceeded 50% -- DB 02/13/2016 10:26PM
  Misleading -- buffdad 02/13/2016 2:20PM
  Re: I like Ike ** -- buffdad 02/13/2016 12:55PM