And those 33 percent who didn’t contribute a dime to the system, got full access to all the services the 66 percent are paying. What happens when you kick out one leg of a three legged stool? It can’t support itself.
I agree. It seems like a tenuous situation, yet it seems to work in every developed country in the world. I'm making an assumption here, but I believe that those 45% here in the US and those 33% up there in Canada find themselves in one of a few difficult situations. Some are working for minimum wages and simply have no money left over to pay taxes. Some are either disabled or too old to work. Some are poor children from a single parent household. Some are foreigners taking advantage of the situation. And some are simply grifters.
As stated. in 1960, top rate for corporations was 91%. These companies still made hundreds of millions of dollars in profit, every year. CEO's typically earned 10 times the highest salaried employee in the company. Now, some earn 5000 times the employees salary. Everybody made a good living. Fathers went out to work and mothers stayed home to raise the kids. Typically, a college student could work a summer job to pay for their education.
We are a consumer based economy. These tax policies, along with union labor, built the middle class because families had disposable income. They could afford to buy a new car every few years. They took vacations and most bought every new electronic household gadget available, beginning with radios, tv's, refrigerators, etc.
Now, fathers work two jobs and mothers work another and still, there's nothing near the disposable income our parents enjoyed. The taxes that used to pay for our schools and infrastructure are no longer available as the tax burden has shifted from the ultra wealthy to the middle class. As we know, poor folks don't pay any taxes. The shift in wealth in this country is obscene and unsustainable. Something has to give.