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It is simply because class divide used to be a lot wider. We perceive things as going down only by comparison with unhealthily equal 1960s society brought about
by anovikov 4y ago
It is simply because class divide used to be a lot wider. We perceive things as going down only by comparison with unhealthily equal 1960s society brought about by 91% top marginal tax rate of the day. Pre-WWI world was extremely unequal and it was seen as normal. Anyone from the middle class could hire a servant.
In fact, even in the Soviet Union, engineers and even highly qualified workers (!) had full-time domestic servants in 1930s. Not after the war though.
- rendall 4y ago> We perceive things as going down only by comparison with unhealthily equal 1960s society brought about by 91% top marginal tax rate of the day. Interesting. You feel that the 1960s were too egalitarian?
- truckerbill 4y agoRead the guy’s past comments…
- gruez 4y ago>91% top marginal tax rate of the day it's worth noting that even though the top marginal rate today is only 37%, tax as % of GDP stayed mostly the same since the 1960s. The difference can be explained by the fact that the 91% tax rate was accompanied by a plethora of deductions, which reduced the effective tax rate. https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S