A rich man in a poor country

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Listening to a podcast from earlier this week, I just heard Thom once again tell the story about the German businessman who didn't mind being taxed at about 60%, because, he said, "I don't want to be a rich man in a poor country."

That seems to be the explicit, accepted goal of today's banksters - to hollow out the American economy, drive the wages of American workers as low as possible, impoverish the vast majority of what's now the middle class, and enrich themselves as much as possible. In other words, to become rich men in a poor country.

mstaggerlee's picture
Jul. 31, 2007 3:01 pm


This is what I don't understand about the American far right perspective. Why would you want to be a rich man in a nation which is looking ever more like it's neighbor to the south?...

(Hey, isn't Mexico currently the "home" to the richest man in the world?!! I see that trickle down working a treat...)

meljomur's picture
Jul. 31, 2007 3:01 pm

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.
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