{"id":193792,"date":"2008-11-16T20:18:00","date_gmt":"2008-11-17T01:18:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/11\/16\/great-now-im-agreeing-with-a-german-politician\/"},"modified":"2008-11-16T20:18:00","modified_gmt":"2008-11-17T01:18:00","slug":"great-now-im-agreeing-with-a-german-politician","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/11\/16\/great-now-im-agreeing-with-a-german-politician\/","title":{"rendered":"Great, Now I&#8217;m Agreeing With A German Politician"},"content":{"rendered":"<p>Former German Finance minister Oskar Lafontaine, now a member of the Left Party, is <a href=\"http:\/\/www.cnbc.com\/\/id\/27714149\">calling for an 80% income tax for people earning more than &euro;600,000 a year<\/a>.<\/p>\n<p>While a maximum marginal income tax rate of 91%, which persisted through much of the Eisenhower administration, and was lowered to 77% under Kennedy, is probably excessive, the explosion in executive pay, and the falling real wages  for the rest of us , largely correspond with the maximum tax rate falling to 50% in 1980, and below 40% from 1987 on (<a href=\"http:\/\/www.truthandpolitics.org\/top-rates.php\">link<\/a>).<\/p>\n<p>Higher marginal tax rates, with greater limits in deductions would go a long way to fixing much of what is wrong with the US economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former German Finance minister Oskar Lafontaine, now a member of the Left Party, is calling for an 80% income tax for people earning more than &euro;600,000 a year. While a maximum marginal income tax rate of 91%, which persisted through much of the Eisenhower administration, and was lowered to 77% under Kennedy, is probably excessive, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,984,983],"tags":[],"class_list":["post-193792","post","type-post","status-publish","format-standard","hentry","category-economy","category-europe","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193792"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=193792"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193792\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}