The Republicans want to repeal the health care bill the Democrats passed last year. They want to repeal Medicare and Medicaid. They want to make it next to impossible for poor people to get contraceptives. They want to stop all efforts to reduce the amount of carbon in the atmosphere. Basically, they want to return the country to the 1950’s. They even want to restore the racial and religious demographics of 1950’s America. There’s only one problem. The top marginal income tax rate in the 1950’s was between 91%-92% on all income over $400,000. Without question, the rich payed a higher share of their earned income under Eisenhower than any other president in our history. It was JFK who cut the top rate down to 77% in 1963.
Obviously, the 1950’s cannot serve as a proper model for the Republicans. They have to go back to the mid-to-late 1920’s when the top rate was 25% on all income over $100,000. And do you know what happened in the late 1920’s? The stock market crashed and brought on the beginning of the Great Depression, which, in turn, brought fascism to Germany and greatly enhanced the seductive appeal of Soviet-style communism. It brought world-wide war and genocide on an unprecedented scale. It brought radiological weapons so powerful that they can still end all life on Earth. I think we ought to consider whether or not there is a correlation between the policies that ruined everything in the 1920’s and the policies that ruined everything in 2008. And while we may have had the tools to turn a second Great Depression into a mere Great Recession, we only limited the damage and the risks; we didn’t eliminate them.
We see new strains of xenophobia, race-consciousness, religious intolerance, and hyper-patriotism. We see major new strains of anti-intellectualism. We have a toxic brew that is being stirred up and heated up by irresponsible entertainers, demagogues, and provocateurs. It’s being funded by corporate interests in a way that is eerily reminiscent of the German industrialists who lent support and encouragement to the National Socialists.
So, we can talk about numbers all we want. We can talk about what constitutes a good or bad compromise on the budget. But we’re actually fighting a much larger battle, and losing isn’t an option we want to contemplate.
