@plainoldme,
You want me to write alternative history, plain old me? It might be better than writing ignorantly as you have done.
You say welfare no longer exists>
Note:
Let's look first at our current welfare state for the poor, the sick, and the old. Browning reports that the federal government maintains 85 means tested programs targeted to the poor and low income families. In 2005, total Federal, state and local spending on these programs was $620 billion. This was 25% more than was spent that year on national defense.
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You say that the incomes of the to p1% went through the roof? Let's solve that.
What about a tax on those high incomes? FDR put in an undistributed profits tax. That would show those greedy plutocrats.
What you probably do not realize is that the people who have money do not, I repeat, do not put most of that money in their mattresses or, indeed, into stocks and bonds. Most of the money is plowed back into businesses which create jobs.
When FDR put in his undistributed profits tax, the monied classes did what monied classes all over the world have done, they utilized legal means to protect their assets and did little to expand their industries.
That was, as you may know at the beginning of the Great Depression.
In 1933, the Unemployment Rate stood at 22.9%
In 1938, the Unemployment Rate stood at 17.4%
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But, I must admit, you may have a point if we can all adopt to an old economic adage--From all, according to their abilities--to all, according to their needs.
You do recognize the source of that, do you not?