This is not factually correct. What happened during those years was that rich people managed to get custom laws to pay little taxes (probably corruption). The n

This is not factually correct. What happened during those years was that rich people managed to get custom laws to pay little taxes (probably corruption). The number of ad-hoc tax exemptions was ridiculous. Not too dissimilar to how nowadays middle class people pay taxes for both poor people and the super rich (who escape taxes via legal offshore companies). High taxation is also not capitalism given they imply threat of violence (eg. incarceration); a purely capitalist society wouldn't have taxes, it would just be a stateless free market based society with only voluntary transactions.