Not in absolute terms: the fact that 97% of Americans in 1913 made less than $80,000 equivalent per year is more a testament to America (and broadly the world's

Not in absolute terms: the fact that 97% of Americans in 1913 made less than $80,000 equivalent per year is more a testament to America (and broadly the world's) staggering poverty relative to our current wealth. Put another way: you can't tax destitute people (at least not for long, and not without losing your head), but can absolutely can tax the average American household in 2021[1]. [1]: https://www.census.gov/library/publications/2022/demo/p60-276.html https://www.census.gov/library/publications/2022/demo/p60-27...