All that has to happen to fix this is taxes. The ultra rich tax's need to be raised to a level the US had before Reagan. Instead the people running the US want the poor and middle-class to pay for everything and enrich the rich even more.

Until that is fixed, the US will end up as a banana republic with lots of nukes.

> rates on mortgage loans and other long-term lending across the economy – are walloping his popularity, helping freeze the housing market

Looking like 2007 again ? The GOP loves flirting with creating a massive depression.

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hattmall 3 hours ago | parent | next [-]

2007 was very different. There was an entire industry propped up by artificially manufactured speculative demand. This was a real industry that produced loads of jobs,drove downstream industries and had significant involvement from a huge portion of the population.

	▲	nilamo 2 hours ago \| parent \| next [-]
		Thank you for describing AI.
	▲	BLKNSLVR 42 minutes ago \| parent \| prev [-]
		I was waiting for an "... oh, wait" at the end.

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coredog64 an hour ago | parent | prev | next [-]

Once again, I'm begging you, with tears in my eyes to learn the difference between statutory and effective tax rates. Do I disagree that there were headline rates of 70%? No. Did anyone pay those rates on any meaningful amount of their income? Also no.

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zdragnar an hour ago | parent | prev [-]

> All that has to happen to fix this is taxes. The ultra rich tax's need to be raised to a level the US had before Reagan.

What was inflation like before Regan?

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budman1 an hour ago | parent | next [-]

Inflation was really solved when Volker raised the interest rates. Nixon, Ford, Carter all struggled with rising prices.

Strange enough, I was alive back then and clearly remember my grandmother applauding Nixon's attempt to 'freeze prices'. Did not work.

The numbers published by the government may not reflect how it is felt in the populace. I think the current inflation is 'worse' than the 1970's. One thing is that wages were getting bumped all the time to compensate; not something we see today.

Strong agree. Raise taxes for everyone (except those at the bottom, please). Draw the line wherever you want, we can argue about where, but it has to be drawn.

	▲	zdragnar 9 minutes ago \| parent [-]
		> Inflation was really solved when Volker raised the interest rates. That was my point > Strong agree. Raise taxes for everyone (except those at the bottom, please). Again, what does this have to do with inflation? I'm not even questioning the (de)merits of the current tax rates, but pointing out that the tax rates before Regan were in no way correlated to low inflation.

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mmooss an hour ago | parent | prev [-]

What does inflation have to do with the tax rate for the wealthiest? Also, IIRC I read the climate cooled a little in the 1970s - can we attribute that to the tax rate too?

	▲	zdragnar 12 minutes ago \| parent [-]
		That's the point- they're different issues