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Political Memes @lemmy.world
Optional @lemmy.world

Re-Elected in a Landslide

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  • The most prosperous decade of the 20th century was the 1950s.

    The top tier tax rate in 1950 was 84%, and that was the lowest it would be until 1964. The rest of the 1950s were at 91%-92%.

    The important thing to remember is that nobody ever paid the top-tier tax rate. Instead, they spent their income. When they found themselves $10,000 over the line in 1955, and about to pay $9100 to Uncle Sam, they said "Hold up. Let's spend $10000 on something useful and deduct it as a business expense".

    That spending turned into paychecks for the workers who produced the purchased item.

    $10,000 over the line in 1988 meant they got to put $7,200 into their stock portfolio, send $2,800 to Uncle Sam, and the worker is laid off because they had no incentive to actually spend their excess income.

  • Sold 500 missiles to Iran is such a hilarious understatement of the shit show that actually was Iran Contra.

  • I know he was really bad, but Trump promised he will do everything in his power to be worse.

  • The working class and thus the creation of the middle class was subsidized by our government from FDR up until Reagan. The 1950s wealth and family focus BOOM was a result of this subsidization that began with FDR. It is why everyone (white and male) owned a house, a car, and had a job.

    We are living the end result of the Reagan experiment, the flip from subsidizing the working class and thus subsidizing the creation of a middle class, which does not happen organically in capitalism, to the subsidization of corporate and the top 1% instead. The claim was it would be more efficient to subsidize corporate and simply have the wealth trickle down through the rest of the economy.

    This, right now, is how trickle down pans out after the 40yr experiment. We’ve equalized woman and non white people under the law, great, but did it in a time without subsidy. So now we are all equally shit upon, barring some holdover family accumulations dating back to the 50s.

    And now, drum roll, we’ve elected President Musk, the grand winner of said 40yr subsidization experiment, the ultimate welfare queen, to decide our working class government efficiency going forward.

    I wonder how that will work for working class going forward?

  • First president I ever became aware of. Fuck him and everything to do with him.

115 comments