Permanently Smitten

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[ID: To the people who say Ocasio-Cortez's proposed 70% top marginal tax rate on Americans making over $10 million a year is too radical, remind them of this: under Republican President Eisenhower the top marginal tax rate was 91% on Americans making over $200,000 a year which is $1.7 million in today's dollars.

This much is clear. CBS is being “murdered,” as Scott Pelley calls what’s happening, not because of economics but because of politics. Economically, “60 Minutes” is a gold mine. Politically, Trump thinks it’s dangerous as hell because it tells the truth about him and his regime, and wants it killed. It’s important to see all this as a systematic effort by Trump to silence the truth about what he’s doing to America. Trump’s increasingly corruption — rife with crony capitalism, corporate welfare, and payoffs to the powerful — is producing an increasingly corrupt economy in which everything depends on bribes and personal deals made by the biggest Republican loyalists and grifters, oligarchs and plutocrats, billionaires and multibillionaires, and monopolists. When political and economic deal-making become personal transactions — when greed and payoffs replace trust — what happens? Authoritarianism replaces democracy. And an economy collapses, as it did at the end of America’s first Gilded Age, in the Great Crash of 1929, leading to the Great Depression. One day we will look back on the murder of “60 Minutes” as one of the travesties of Trump’s despicable reign. In the meantime, thank you Scott Pelley for telling the truth. Thank you, former “60 Minutes” producers, correspondents, and staff, for telling the truth. And now, what do we do in the interest of the truth? We boycott CBS.

Follow the money.