A turnaround plan will not work. What is needed is a fundamental change in the U. S. economy. Currently it is based on cheap labor through population growth and putting off payment to the future, i.e. high debt. Look at the historical marginal income tax rate:
There was infrastucture and education funding fifty years ago. The Baby Boom generation slobbered at this trough and then grew up to cut their tax payments massively. We have had a stampede of the Greedheads for decades. It cannot continue.
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A turnaround plan will not work. What is needed is a fundamental change in the U. S. economy. Currently it is based on cheap labor through population growth and putting off payment to the future, i.e. high debt. Look at the historical marginal income tax rate:
Oct 05 14:01 pm
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All Comments by Kath H. »America Needs a Turnaround Plan [View article]
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There was infrastucture and education funding fifty years ago. The Baby Boom generation slobbered at this trough and then grew up to cut their tax payments massively. We have had a stampede of the Greedheads for decades. It cannot continue.