{"id":9955,"date":"2012-11-19T15:18:17","date_gmt":"2012-11-19T20:18:17","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=9955"},"modified":"2022-11-19T10:44:27","modified_gmt":"2022-11-19T15:44:27","slug":"paul-krugman-says-raise-taxes-to-91-of-income","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=9955","title":{"rendered":"Paul Krugman says raise taxes to 91% of income"},"content":{"rendered":"

Paul Krugman is proof that you can be stupid, always wrong and certifiably stupid yet still have people think you know what you are talking about. In this case, Krugman\u2019s latest dumb idea is to hike the income tax rate to 91%.<\/p>\n

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In an article in the New York Times, Krugman waxes nostalgic for the tax rates we had back in the 1950\u2019s.<\/p>\n

The Twinkie, it turns out, was introduced way back in 1930. In our memories, however, the iconic snack will forever be identified with the 1950s, when Hostess popularized the brand by sponsoring \u201cThe Howdy Doody Show.\u201d And the demise of Hostess has unleashed a wave of baby boomer nostalgia for a seemingly more innocent time.<\/p>\n

Needless to say, it wasn\u2019t really innocent. But the \u201950s \u2014 the Twinkie Era \u2014 do offer lessons that remain relevant in the 21st century. Above all, the success of the postwar American economy demonstrates that, contrary to today\u2019s conservative orthodoxy, you can have prosperity without demeaning workers and coddling the rich.<\/p><\/blockquote>\n

Now, Krugman is the stereotypical moonbat. He is also a moron, but I\u2019m repeating myself. As usual, he misunderstands what things were like back in the 50\u2019s. Allow me to hand him a bit more rope.<\/p>\n

In the 1950s incomes in the top bracket faced a marginal tax rate of 91, that\u2019s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The best estimates suggest that circa 1960 the top 0.01 percent of Americans paid an effective federal tax rate of more than 70 percent, twice what they pay today.<\/p>\n

Nor were high taxes the only burden wealthy businessmen had to bear. They also faced a labor force with a degree of bargaining power hard to imagine today. In 1955 roughly a third of American workers were union members. In the biggest companies, management and labor bargained as equals, so much so that it was common to talk about corporations serving an array of \u201cstakeholders\u201d as opposed to merely serving stockholders.<\/p><\/blockquote>\n

Allow me to explain a few things to this clueless idiot. First, the United States was the only nation on earth with a functioning manufacturing infrastructure. All the other nations were still rebuilding from WW2, and the USSR had no interest in the Free market. Taking over the world, yes, but not in actually improving people\u2019s lives. Back then you couldn\u2019t outsource to another country.<\/p>\n

As to the tax system, it was highly graduated with 91% being the top end. However, people back then who were in that bracket never actually paid the full 91%. We also had a number of government monopolies, and 50% or more of the work force was in a union. The national highway system was just being constructed and people still used trains to get around between cities.<\/p>\n

We also had real racism back then with black Americans, actually anyone who wasn\u2019t Caucasian being treated as a second class citizen. Somehow, I don\u2019t think certain members of American society have any interest in returning to the days of \u201cWhites Only. Krugman, being a liberal, probably does.<\/p>\n

Paul Ryan and many other modern conservatives are devotees of Ayn Rand. Well, the collapsing, moocher-infested nation she portrayed in \u201cAtlas Shrugged,\u201d published in 1957, was basically Dwight Eisenhower\u2019s America.<\/p><\/blockquote>\n

And we see Krugman\u2019s skill as an historian, or lack there of. Eisenhower was what we call a RINO. He was an honest, and unlike our current president, (Or Krugman for that matter), a patriotic American. What he saw his mandate when elected, was to maintain FDR\u2019s New Deal and keep the Soviets in check.<\/p>\n

The world today is radically different from the 1950\u2019s. The Soviet Union no longer exists. China, Germany and Japan are economic powerhouses. (Except they have their own issues we won’t go into) Private sector unions in this country are in serious decline. Only government employee unions are growing. The manufacturing base we had in the 1950\u2019s is long gone. It was driven out of the United States for several reasons. Excessive levels of regulation, Unions pricing themselves out of a job, (See the recent failure of Hostess), and the dumbing down of people due to a failing educational infrastructure.<\/p>\n

Krugman\u2019s idea of massive hikes in taxes ties in nicely with his ideas of massive government spending. Of course, all this was tried before and failed miserably. People like Krugman believe the reasons their ideas failed was that people didn\u2019t implement them correctly. (Yeah stupid, they did and we see the results)<\/p>\n

\"Barking<\/a><\/p>\n

You want to fix the American economy? It\u2019s easy. Take whatever idiots like Paul Krugman recommend, and do the exact opposite. The main cause of our problems today can be laid at one single location. Washington D.C. and the professional politicians and to to bright bureaucrats. They still think the Soviet system of Top down command economy works. The only reason it failed in the USSR and other communist countries was due to the incompetence of the leadership. If they had Paul Krugman running things and followed his advice, we would be living in a nice, 1950\u2019s style America. You know, where women stayed home and baked cookies, not go into the workplace and steal jobs from all those white American men. (That was a sarcastic remark at the inherent racism of the Liberal\/Progressive movement)<\/p>\n

[youtuber youtube=’http:\/\/www.youtube.com\/watch?v=CgAUW_zcN9k’]<\/p>\n

Unfortunately, the Paul Krugman\u2019s of the world are in charge in Washington, and we are staring down the barrel of a complete economic collapse in the next few years.<\/p>\n

Thanks a lot.<\/p>\n

Thatisall<\/p>\n

~The Angry Webmaster~<\/strong><\/em><\/p>\n\"1\"2\"3\"4\"5 (1<\/strong> votes, average: 1.00<\/strong> out of 5)
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BRING BACK THE 91% TAX RATE – Judy Morris Report<\/a><\/h3>\n<\/div>\n
The headline links to a New York Times article written by Paul Krugman titled: … Apparently, Krugman is trying to ‘out Hollande Hollande the French socialist’ who is praised for raising taxes on the wealthy to 70%. … Krugman writes: Yet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The best estimates suggest that circa 1960 the top 0.01 …<\/div>\n
http:\/\/judymorrisreport.blogspot.com\/<\/a> \u2014 Mon, 19 Nov 2012 10:39:00 -0800<\/span><\/div>\n<\/div>\n
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HOW DO YOU SPELL STUPID | THE ANTI LIBERAL ZONE<\/h3>\n<\/div>\n
EXCERPT: \u201cYet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The best estimates … So when you wonder WHY this nation’s economy is in the shitter, look to clowns like Krugman, who are too stupid to learn a damn thing other than, \u201draise taxes, blah, blah, blah.\u201d Hey Paul, try reading about the laffer Curve, moron. Oh, and spekaing of …<\/div>\n
http:\/\/www.theantiliberalzone.com\/ \u2014 Mon, 19 Nov 2012 10:24:29 -0800<\/span><\/div>\n<\/div>\n
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Paul Krugman, Nobel Laureate, Is A Moron | The Rio Norte Line<\/a><\/h3>\n<\/div>\n
Paul Krugman is an absolute and unequivocally monumental moron. He is without compare. I hope that wasn’t too subtle to show my true feelings on the subject. Krugs today calls for the return of double corporate taxation and a top individual …<\/div>\n
http:\/\/therionorteline.com\/<\/a> \u2014 Mon, 19 Nov 2012 08:39:09 -0800<\/span><\/div>\n<\/div>\n
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The Twinkie Story Is Yet Another Class Warfare Story That The …<\/h3>\n<\/div>\n
… fought if we know not only what the problems are, but how and why they came about and how they are best solved. I like Paul Krugman’s segue on the Twinkie fiasco below. … Yet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The best estimates suggest that circa 1960 the top 0.01 percent of Americans paid an effective federal tax rate of …<\/div>\n
http:\/\/egbertowillies.com\/ \u2014 Mon, 19 Nov 2012 08:34:33 -0800<\/span><\/div>\n<\/div>\n
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Krugman: Here’s What We Can Learn From ‘The Twinkie Era’<\/a><\/h3>\n<\/div>\n
The New York Times | By Paul Krugman Posted: 11\/19\/2012 9:02 am EST Updated: 11\/19\/2012 9:06 am EST. reddit stumble …. Krugman states: “Yet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent.” == Krugman omits that a 91% tax rate rarely applied due to the number of deductions and income exclusions available in the 50s. ….. It is for this very reason that his proposed increase on taxes will not bring in any additional revenue.<\/div>\n
http:\/\/www.huffingtonpost.com\/thenewswire\/<\/a> \u2014 Mon, 19 Nov 2012 06:02:51 -0800<\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Paul Krugman is proof that you can be stupid, always wrong and certifiably stupid yet still have people think you know what you are talking about. In this case, Krugman\u2019s latest dumb idea is to hike the income tax rate to 91%. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[5,141,100,71,8,115],"tags":[11,5,15,17,101,8,24,34],"class_list":["post-9955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-history","category-jobs","category-moonbat","category-news-of-the-day","category-politics","category-stupidity-crime","tag-america","tag-history","tag-incompetence","tag-liberty","tag-news","tag-politics","tag-socialism","tag-stupidity"],"views":1070,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2010\/02\/barking_moonbat3.jpg?fit=250%2C244&ssl=1","jetpack-related-posts":[{"id":4860,"url":"https:\/\/angry.net\/blog2\/?p=4860","url_meta":{"origin":9955,"position":0},"title":"Would someone please throw a net over Paul Krugman?","author":"Angry Webmaster","date":"September 12, 2011","format":false,"excerpt":"Good day all. 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