The trend of low tax on the wealthy just prior to the 1929 crash is revealing. During the New Deal era Roosevelt raised taxes on the wealthy and World War II provided the stimulus. Taxes on the wealthy remained high during the post war boom, but the wealthy eventually reasserted control of the state, and totally abolished taxes on the wealthy again, and now we are in another crisis.
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- US Debt passed 20 trillion.
US Debt passed 20 trillion., page-27
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