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The '70%' regime was then reinvesting all those profits right back into their businesses to avoid those taxes, which spurred job growth and R&D innovation. The

The '70%' regime was then reinvesting all those profits right back into their businesses to avoid those taxes, which spurred job growth and R&D innovation. The simple reality is that today's "regime" simply stockpiles that wealth for their own benefit and then gives out a few token amounts to charitable causes and thinks that will stave off the pitchforks when the uprising begin. Giving money to charity doesn't cleanse your soul of it's moral responsibility to society. As abrasive as it sounds, it may very well be true that if someone is in the position to be giving out millions to charitable foundations that end up making a lot of people fat from managing them, maybe they took too much in the first place.

rayiner 7y ago
This argument makes no sense. The super rich aren’t keeping their money under a mattress. They’re investing in VC, public markets, etc. It’s the exact same result, except instead of investing in the same company, profits can be invested in a different company.
- JoeAltmaier 7y ago
  ...whereupon they reap the profits. The new reality is, the money men own most everything, and skim the vast majority of benefit from every industry. It's not about how much money is in the system. Its about who benefits from it.
  - rhino369 7y ago
    They'd also reap the profits from businesses investing in themselves since they own those companies. The only difference would be encouraging conglomerates instead of new companies. Not sure why that benefits anyone.