Why does cutting taxes on the very rich always lead to national Financial...

GOBPsucks

New member
...Chaos? ala 1929, 1987, 2008? 1920's GOP cut top tax rate on rich from 75% to 20% which led to the Crash of 1929 causing the Great Depresssion.

1985 Reagan cut top tax from 74% to 28% -led to 1987 S& L Banking Crisis, stock crash and Recession of 1990-92.

2003 Bush cut top tax from 40% to 34% --led to crash of 2008 and our current mini-depression.
 
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