4 ms·
> maximum salaries or maximum wages Yah, we tried that in WW2 and now we are stuck with employer paid healthcare. I'd rather not.
by mrep 7y ago
> maximum salaries or maximum wages
Yah, we tried that in WW2 and now we are stuck with employer paid healthcare. I'd rather not.
- lidHanteyk 7y agoYou're stuck with your "health insurance" albatross due to Nixon and his cronies allowing HMOs to gain special legal status. [0] The pattern continued under Reagan, leading to COBRA. [1] Meanwhile, what did we actually try in WW2? We tried creating a really severe tax bracket for the rich [2]. You can see the introduction of it in this famous graph [3]. Note that the tax rate for the rich had already been climbing throughout the 30s, and that it stayed high for the rich well after the war and through Eisenhower's presidency, leading to the "taxes were high under Ike" meme. Why did we lower taxes on the rich? Well, JFK was shot, and people didn't have the heart to not pass his tax cuts. [4] (If this sounds silly, consider that we put people on the moon only a few years later for basically the same reasons: economy, Russians, JFK said so.) I hope that that clears up your confusion on these two distinct concepts and historical patterns. [0] https://en.wikipedia.org/wiki/Health_Maintenance_Organization_Act_of_1973 https://en.wikipedia.org/wiki/Health_Maintenance_Organizatio... [1] https://en.wikipedia.org/wiki/Consolidated_Omnibus_Budget_Reconciliation_Act_of_1985 https://en.wikipedia.org/wiki/Consolidated_Omnibus_Budget_Re... [2] https://en.wikipedia.org/wiki/Maximum_wage#History https://en.wikipedia.org/wiki/Maximum_wage#History [3] https://commons.wikimedia.org/wiki/File:USA_Historical_Marginal_Tax_Rate_for_Highest_and_Lowest_Income_Earners.svg https://commons.wikimedia.org/wiki/File:USA_Historical_Margi... [4] https://en.wikipedia.org/wiki/Revenue_Act_of_1964 https://en.wikipedia.org/wiki/Revenue_Act_of_1964