Monday, March 9, 2009

Socialism Explained Visually

Obama wants to raise the top tax rate to the level it was at in the 1990s. This would, of course, represent a socialism that this country just can't abide... unless you count the majority of the 20th century. As usual, a chart tells the story pretty well.

Matt Yglesias points out:

And yes, please pay no attention to the fact that the three periods of ultra-low taxes were followed by a budget crisis (Reagan) and catastrophic global economic collapse (Coolidge-Hoover, Bush).

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