It's already a proven fact that short term American financial socialism has helped the market to go even higher and make new records.
The question is will American Socialism work long term. Especially when they raise the Capital gains tax on the rich to over 40%?
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It worked fine when the rich were taxed at >90%. Besides, we are already a corporate socialist state, bordering on despotism.
Rugged individualism for the poor, socialism for the rich is not a sustainable socioeconomic system.
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Eisenhower taxed the rich at 92%. Better get those rookie numbers up!
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