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People still got rich when the top tax percentage was 90%. I personally don't care what people make, but I care when they use their massive wealth to influence
by MisterBastahrd 11y ago
People still got rich when the top tax percentage was 90%. I personally don't care what people make, but I care when they use their massive wealth to influence policies which affect me. If you have more access to my representative than I do and you don't even live in my congressional district, then I want that to stop, one way or another.
- refurb 11y agoNobody actually paid the 90% marginal rate back then. Going back to those rates would mean opening up a huge number of tax concessions as well. Take a look at a historical chart of which incomes levels paid what percent of total taxes. If anything, the total burden on the highest brackets has gone up not down over time.
- wstrange 11y agoThat seems inconsistent with what I have read on the subject. Can you provide a link to the data you are citing?
- ptaipale 11y ago> People still got rich when the top tax percentage was 90%. Yes; in a world of blind people, the one-eyed will be king. But the poor were much poorer then than now.