samhill wrote:Isayre, I think that's a case of apples & oranges, you can't really compare a time of needed growth for everything in this country to a time where little is produced domestically & we entice business to leave.
Did I mention that along with the introduction of the Federal Reserve system in 1913 came corporate income taxation and individual income taxation. The three work hand in hand.
Samhill, if we did not inflate away the value (purchasing power) of the Dollar, and simultaneously tax ourselves into oblivion, would the companies have left?
And would our country be as great as it is today if the rudimentary central bank of 1836 was allowed to continue and grow to have the power of the current Federal Reserve, and if as a consequence income taxation (corporate and personal) was implemented nearly 80 years earlier?
And what if social welfare was initiated 80 years earlier also. Would all of these factors when summed together have brought us to our economic knees 80 years earlier?