I’m going to repost this because it ought to be up front in everyone’s noggins. The propaganda campaign to color Obama’s budget proposals as “socialist” reflect no species of reality at all. What is reflected in these charges is either an attempt to deceive (that is, make citizens stupider) or, at best, a broad ignorance of American history and frightening disregard for the necessity to actually get educated.
The graph shows what tax rates were like during the Eisenhower period. Here’s a famous (but not famous enough) quote from a letter Ike wrote to his brother. The ugly people have made pretty serious inroads on our well-being since then:
Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt (you possibly know his background), a few other Texas oil millionaires, and an occasional politician or business man from other areas.5 Their number is negligible and they are stupid.
The 2010 proposed rate of 39.60% = socialism.
The 2002-2008 rates of 35.00% = capitalist nirvana.
The 39.6% rate of the 1990’s = socialism.
Everything else = down the memory hole.
That Obama fellow sure is soaking the rich, isn’t he?