> Reminder that during the time generally pointed to as 'the good old days' (the 1950s) the top tax bracket was 85% ...but pretty much nobody in those brackets

> Reminder that during the time generally pointed to as 'the good old days' (the 1950s) the top tax bracket was 85% ...but pretty much nobody in those brackets actually paid those rates: https://www.bloomberg.com/opinion/articles/2019-01-29/hollywood-stars-didn-t-pay-90-percent-tax-they-created-loopholes https://www.bloomberg.com/opinion/articles/2019-01-29/hollyw... (edit) To the people who don't get the point: Taxes never were that high in reality, so we can't draw any conclusions on what such a high tax would actually do. People may have this fantasy about rich people that they're just hoarding money like a dragon hoards gold. In reality, rich people invest their money, which the government wants them to do, so they don't tax investments (capital gains) that highly.