PBS l Land of the Free, Home of the Poor - We (U.S.) have wealth inequality of China

Before Keynesianism, the Fed, and paper money not backed by gold: (40 year period shown) Any over recessions/depression over 1 year bolded

1873 recession: 33.6% decline in business activity (5 years long)
1882 recession: 32.8% decline in business activity (3 years long)
1887 recession: 14.6% decline in business activity (1 year 1 month long)
1890 recession: 22.1% decline in business activity
1893 recession: 37.3% decline in business activity (1 year 5 months long)
1896 recession: 25.2% decline in business activity (1 year 6 months long)
1899 recession: 15.5% decline in business activity (1 year 6 months long)
1902 recession: 16.2% decline in business activity (1 year 11 months long)
1907 recession: 29.2% decline in business activity (1 year 1 month long)
1910 recession: 14.7% decline in business activity (2 years long)
1913 recession: 25.9% decline in business activity (1 year 11 months long)

After acceptance of all 3 at the end of WW2: (40 year period shown) Any over 1 year bolded

1949 recession: 1.7% decline in GDP from peak to trough
1953 recession: 2.6% decline in GDP from peak to trough
1958 recession: 3.7% decline in GDP from peak to trough
1960 recession: 1.6% decline in GDP from peak to trough
1969 recession: 0.6% decline in GDP from peak to trough
1973 recession: 3.2% decline in GDP from peak to trough (1 year 4 months)
1980 recession: 2.2% decline in GDP from peak to trough
1981 recession: 2.7% decline in GDP from peak to trough (1 year 4 months)
 
I'm not quite sure what point you're trying to make, as I didn't make this issue about immigration, I simply commented that welfare benefits extended to non-citizens is not good.
 
And what's more, instead of a recession that wipes out the wealth of the elite who caused the recession in the first place and allowing middle class competitors a shot at the big leagues, today's recessions make the elite even richer and pretty much drive the middle class out of existence. Winning!
 
Yeah, except you made the claim that the poor contribute more to the economy in terms of money than the rich, which is not true.

I also have moved past your claim that I believe in a flat tax applying to the poor, as I do not believe in taxing the poor, unless you want to have entitlement programs.

As I said before, a semi-progressive tax that pays for the essentials of American government is fine. Add a free market to that and the poor have absolutely nothing to whine about---much like they don't now.
 
Weird, it's almost like their small contribution will add up!

And I don't give a fuck how many poor people there are, or how small their 18% is. Everybody should pay the same percentage. Punishing people for being successful, and this whole "TAX THE RICH BECAUSE THEY'RE RICH" is nothing more than class envy and socialism.
 
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