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I don’t know what is the wealth tax you are referring to and I don’t see it referenced in my comment. I was pointing out a historical period where taxes were s
by dopidopHN 5y ago
I don’t know what is the wealth tax you are referring to and I don’t see it referenced in my comment.
I was pointing out a historical period where taxes were setup differently than now. We tend to forget it was the case; and it seems to be out of the collective psyché.
Indeed in 2022 nobody pays close to 90%. I was referring to the 1945 to 1960 period. ( see linked article, nice read )
- labcomputer 5y ago`wonderwonder` said that a 100% wealth tax was unprecedented and not a realistic scenario. Then you replied "It actually happened not that long ago, in the US" and cited that the US used to have a 90% marginal income tax bracket. A 90% marginal income rate is not in the same universe as a 100% wealth tax rate.
- dopidopHN 5y agoI see now. Thanks for pointing it out.