Connect with us

US

Higher Tax Rates could Boost the Development like Eisenhower Proved

mm

Published

on

This is the age of capitalists and Silicon Valley entrepreneurs. The truth is you are either on the working side of the economy or the ruling side of the economy. Only 4% of the millionaires believed themselves to be wealthy while 44% considered themselves to be middle class in America.

This is troubling news. People who do good financially, keep excelling while those who struggle economically keep struggling.

It seems like it is high time to put in place again what President Dwight David Eisenhower had. During his administration, Eisenhower had a 90 percent tax rate for the super-rich during his administration.

The only way to get away from high taxes was to spend the money in the good of the country. To avoid high taxes, the rich could invest in business expansions and higher employee wages. The rich would give a million or two to tax-exempt non-profits that feed, house, and clothe poor people of America, among other things.

Eisenhower believed that to avoid the higher tax, the rich would spend money on doing things that would make America great. In Eisenhower’s term, enough tax by the rich made new projects possible. A new project of interstate highways and the most significant road project America had ever seen was only possible because of Eisenhower tax rates.

Many believe that Ronald Reagan handed the economy over to the rich guys. And instead of building the country, they are tearing it up for their benefit. It is time to take back the power from the rich and greedy and let the middle class bloom.

A multi-lingual talent head, Jimmy is fluent in languages such as Spanish, Russian, Italian, and many more. He has a special curiosity for the events and stories revolving in and around US and caters an uncompromising form of journalistic standard for the audiences.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

US

Car Accident Law Firms in Port St. Lucie are Providing Distinguished Benefits to Accident Victims

mm

Published

on

Car accidents see a continuous increase in number in the US due to increasing traffic on roads. As a result, people in various US states opt for car accident law firms to seek expert accident attorney services.

The rising awareness about the need to hire a car accident attorney has prompted accident victims to consult accident law services. In Port St. Lucie, many accident law firms enjoy high demand.

Accident victims seek accident attorneys in Port St Lucie to navigate their legal cases in the right direction. It allows people to get the right amount of compensation for health and car damages.

Searching for a reputed car accident lawyer Port St Lucie firm has now become a common thing. Accident lawyers help people fight their accident cases strongly. They use many technologies and techniques to obtain strong evidence in accident cases.

Thus, accident attorneys in Port St. Lucie allow people to settle their cases easily. They have expert knowledge and experience in fighting accident cases. Hence, it becomes quite easy for accident victims to seek the desired compensation for their losses.

Insurance companies don’t grant car insurance claims to accident victims easily. However, accident victims can obtain their compensation with the help of reputed accident attorneys. Many car accident attorney firms in Port St Lucie focus on providing excellent customer service to victims.

Hence, people consult various accident attorneys in the US city to meet their accident claim requirements. Hiring accident attorneys also helps accident victims in Port St Lucie get mental support while fighting their accident cases.

Continue Reading

Trending