How To Bring Back A Middle Class

Thom plus logo From the 1930s to the Reagan Revolution, America grew the largest and most robust middle class in history. Along with strong unions, the main driver of that was that people earning more than about $10 million in today's money confronted a top tax rate of 91% until the 60s, and 67% until Reagan came into office. That top tax rate encouraged CEOs and other wealthy people to re-invest their money in expanding their businesses and paying their employees well, rather than simply sticking it in offshore bank accounts.

Bernie Sanders and Elizabeth Warren are both proposing a return to top tax rates over 50%, like most other developed countries still have, and if they're successful it will bring back the middle class and cause businesses to start investing in their people again.

-Thom

It's Time To Tax Money Bins!

Thom plus logo England is debating a wealth tax. America, as tax revenues crash and the need for government services explodes, needs to consider one, too.

If you own a home, every year you must pay a wealth tax.

The majority of the wealth held by middle and working class Americans is in their homes. And every year, every homeowner must pay a tax on their wealth in the form of a state and local property tax.
From The Thom Hartmann Reader:
"In an age rife with media-inspired confusion and political cowardice, we yearn for a decent, caring, deeply human soul whose grasp of the problems confronting us provides a light by which we can make our way through the quagmire of lies, distortions, pandering, and hollow self-puffery that strips the American Dream of its promise. How lucky we are, then, to have access to the wit, wisdom, and willingness of Thom Hartmann, who shares with us here that very light, grown out of his own life experience."
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From Cracking the Code:
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Peter Coyote, actor and author of Sleeping Where I Fall
From Screwed:
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