Xennials, Millennials, and GenZ might as well have lived through the Guilded Age and then the Great Depression.
That’s how fucked we are and will be.
EDIT: Gilded
rand0mbum on
And it’s been going downhill on a skateboard ever since.
Cargobiker530 on
I’m GenX, barely. When I tell Millennials that I never saw a truly homeless person in San Francisco until I was in my mid-teens people just say I’m lying. Before that the Federal Housing Authority funded housing for everybody: women, kids, men, alcoholics, drug addicts, ex-cons, everyone.
PapaBorq on
Hey now, Elon will have a functioning moon rocket any minute now.
/s
agree-with-me on
Yep. Lunch in schools, Parks had peewee football, and we had lifeguards at beaches.
Now, we just get told we can’t have nice things. All of that money is being transferred to people who have enough.
Stop defending people who take and take and then after they own everything say, “we shouldn’t have to give our money for welfare.” Your grandaddy _stole_ it all. No fucks given.
You have tax break after tax break. We should be using what money we have left for pitchforks.
Lord-Notorious on
We need to get back to that.
St_Sally_Struthers on
We’re living in the time where those rich folks are getting their revenge for that time.
What the current generations don’t seem to understand is that this shit requires immense sacrifice to maintain… I’m not sure we’ve got anymore gas.
zedd1138 on
Concur. Life was pretty decent from childhood to early adulthood. 1962 relic here.
fritter4me on
The rich also had yachts and summer homes and piles of blow in the 60s and 70s, let’s not pretend they’re suddenly impoverished and need the tax cuts
bpaps on
Yea, but, have you tried CORRUPTION? It’s all the rage now. Best country money can buy! 😎
Fair-Proposal-1896 on
GIVE TEACHERS THREE FIGURE SALARIES!!!!!!! If we can give $17.76b to this orange troll, for NOTHING; then we can pay the people who EDUCATE our children….. 1776… what’s next?
Educational_Bench290 on
Then came Reagan….
Modicum_13 on
And then Reagan came along.
Kastikar on
History is a pendulum. We will eventually swing back to similar days.
Calm-Programmer-1190 on
We’re at a point now where if the rich simply paid a decent amount of taxes, America could be an insanely good place to live.
Near-future utopian levels of society.
But the common man, like you or me, would be too free. We would have too many options. We wouldn’t have to rely on them for anything. How are they going to dictate us if we don’t need them?
Randomcommentor1972 on
If he’s in his 60s, he was 10 when we went to the moon?
Bwilderedwanderer on
And what’s really depressing is many of the people that benefited from all of that as children and young parents are the same ones depriving the current generation
adrr on
We used tax the ultra rich at 90% marginal rate.
generalizedweakness on
Then came Ronald Reagan.
ramriot on
Thing is, if you doubt the last one why would to believe the rest.
The evolution of the top marginal tax bracket during this timeframe:1956–1963: The top marginal rate remained at (91%).
1964: The top rate was reduced to (77%) under the Revenue Act of 1964.1965–1967: The top rate decreased further to (70%).
1968–1970: Surcharges to fund the Vietnam War briefly bumped the top rate to (75.25%) in 1968 and (71.75%)
in 1970.
1971–1981: The top marginal rate settled at (70%) for the remainder of the decade.
And let’s not forget the loopholes that make life a bit easier for the very wealthy.
rezelscheft on
Worth noting: they probably still didn’t even pay their fair share, they just paid *some* taxes as opposed to almost none.
russian_cyborg on
Did’nt Trump just get us back to the moon? Like a few weeks ago. This guy is out of touch.
notbotipromise on
This makes a very good case for the left, as icky as it might feel to most on it, to own patriotism. For all the shameful moments in our history, the fact is that the period most associated with Americana–the one the to which the phrase “MAGA” implicitly refers–was when the *economic* left was at its strongest.
29 Comments
[deleted]
Xennials, Millennials, and GenZ might as well have lived through the Guilded Age and then the Great Depression.
That’s how fucked we are and will be.
EDIT: Gilded
And it’s been going downhill on a skateboard ever since.
I’m GenX, barely. When I tell Millennials that I never saw a truly homeless person in San Francisco until I was in my mid-teens people just say I’m lying. Before that the Federal Housing Authority funded housing for everybody: women, kids, men, alcoholics, drug addicts, ex-cons, everyone.
Hey now, Elon will have a functioning moon rocket any minute now.
/s
Yep. Lunch in schools, Parks had peewee football, and we had lifeguards at beaches.
Now, we just get told we can’t have nice things. All of that money is being transferred to people who have enough.
Stop defending people who take and take and then after they own everything say, “we shouldn’t have to give our money for welfare.” Your grandaddy _stole_ it all. No fucks given.
You have tax break after tax break. We should be using what money we have left for pitchforks.
We need to get back to that.
We’re living in the time where those rich folks are getting their revenge for that time.
What the current generations don’t seem to understand is that this shit requires immense sacrifice to maintain… I’m not sure we’ve got anymore gas.
Concur. Life was pretty decent from childhood to early adulthood. 1962 relic here.
The rich also had yachts and summer homes and piles of blow in the 60s and 70s, let’s not pretend they’re suddenly impoverished and need the tax cuts
Yea, but, have you tried CORRUPTION? It’s all the rage now. Best country money can buy! 😎
GIVE TEACHERS THREE FIGURE SALARIES!!!!!!! If we can give $17.76b to this orange troll, for NOTHING; then we can pay the people who EDUCATE our children….. 1776… what’s next?
Then came Reagan….
And then Reagan came along.
History is a pendulum. We will eventually swing back to similar days.
We’re at a point now where if the rich simply paid a decent amount of taxes, America could be an insanely good place to live.
Near-future utopian levels of society.
But the common man, like you or me, would be too free. We would have too many options. We wouldn’t have to rely on them for anything. How are they going to dictate us if we don’t need them?
If he’s in his 60s, he was 10 when we went to the moon?
And what’s really depressing is many of the people that benefited from all of that as children and young parents are the same ones depriving the current generation
We used tax the ultra rich at 90% marginal rate.
Then came Ronald Reagan.
Thing is, if you doubt the last one why would to believe the rest.
Such is the lament of the uneducated.
What makes this even sadder is that we were very close to making the rich pay their fair share again: [https://www.pbs.org/newshour/economy/irs-expects-to-collect-hundreds-of-billions-more-in-unpaid-taxes-thanks-to-new-funding](https://www.pbs.org/newshour/economy/irs-expects-to-collect-hundreds-of-billions-more-in-unpaid-taxes-thanks-to-new-funding)
All we had to do was be a little more patient.
https://wtfhappenedin1971.com/
Accurate
The evolution of the top marginal tax bracket during this timeframe:1956–1963: The top marginal rate remained at (91%).
1964: The top rate was reduced to (77%) under the Revenue Act of 1964.1965–1967: The top rate decreased further to (70%).
1968–1970: Surcharges to fund the Vietnam War briefly bumped the top rate to (75.25%) in 1968 and (71.75%)
in 1970.
1971–1981: The top marginal rate settled at (70%) for the remainder of the decade.
And let’s not forget the loopholes that make life a bit easier for the very wealthy.
Worth noting: they probably still didn’t even pay their fair share, they just paid *some* taxes as opposed to almost none.
Did’nt Trump just get us back to the moon? Like a few weeks ago. This guy is out of touch.
This makes a very good case for the left, as icky as it might feel to most on it, to own patriotism. For all the shameful moments in our history, the fact is that the period most associated with Americana–the one the to which the phrase “MAGA” implicitly refers–was when the *economic* left was at its strongest.
But who will think of the billionaires?