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A Student's Reading Of The Politics Of Rich And Poor
Beginning of essay
Often times, a political analyst/scientist will write a book on the
politics and economics of the time. This writer may also create a work which
emanates views contrary to the opinion of the governing body. Rarely, however,
does one find an analyst who will clearly undermine his own political pa ....
Middle of essay ....nomic growth. All of these factors support Phillips'
theme and prove his argument of an up and down cycle of economic stability.
From 1921 to 1925 the top one percent of the population's tax rate was
gradually decreased from the marginally high rate of seventy-three percent all
the way to just twenty-five percent. Over four years this elite group of
Americans received a forty-eight percent reduction in taxes. This decrease
opened the door for the super-rich Americans to capitalize and i.... |
Number of words: 991 |
Approximate pages: 4 |
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