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Something like this was tried in the post-War era when the top marginal tax rate was very high and the government had large incentives to promote policies oppos
by tryitnow 9y ago
Something like this was tried in the post-War era when the top marginal tax rate was very high and the government had large incentives to promote policies opposed to wealth concentration.
- mac01021 9y agoWhat were those incentives?
- mtberatwork 9y agoI don't think this is the same. The top tax rate post-WW II was ~90% and wasn't regressive.
- germinalphrase 9y agoMatt Stoller recently wrote an article in The Atlantic that discusses the culture and values of that time period and how it has been diluted/devalued in modern times [0]. "By the late 1970s, the populist Brandeisian anti-monopoly tradition—protecting communities by breaking up concentrations of power—had been air-brushed out of the debate. And in doing so, America’s fundamental political vision transformed: from protecting citizen sovereignty to maximizing consumer welfare." [0] https://www.theatlantic.com/politics/archive/2016/10/how-democrats-killed-their-populist-soul/504710/ https://www.theatlantic.com/politics/archive/2016/10/how-dem...