Socialist Progressives

The top marginal tax rate was 91% in the 40s and 50s. Those times were also when the number of unionized workers was at its highest. Since the Kennedy era, successive Presidents have lowered the top marginal tax rates and allowed legislation that made it nearly impossible for unions to thrive.

And as tax rates for the rich went lower, as unionization decreased, wages and benefits also decreased for the bottom 90%.

Wages have been essentially stagnant, or have regressed, for workers while corporate profits have skyrocketed.

The Third Way is a one way to third world status.