Sunday, October 13, 2024
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Wealthy are not paying their fair share

| October 13, 2024 1:00 AM

Ask a Republican which decade after World War II was America's golden age, and they will say the 1950s.

In the 1950s, the income tax for the wealthy was 80% or more, and they were given numerous tax breaks for investing in America. 

The GOP since the '50s has been lowering taxes for the wealthy.

Thanks to the GOP and, most recently, Trump, the wealthy and corporations in many cases, pay no taxes.

Because of this, there is no incentive for them to invest in America as they did in the 1950s. Now the wealthy are hoarding their money, which is one of the reasons our infrastructure is falling apart.


LEE SANTA

Sandpoint