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While this is a good point, evidence suggests that the tycoons did pay much more than they currently do on taxes, about 45% in the 50s and 60s: https://www.lati
by epups 3y ago
While this is a good point, evidence suggests that the tycoons did pay much more than they currently do on taxes, about 45% in the 50s and 60s: https://www.latimes.com/business/la-fi-nocera-tax-avoidance-20190129-story.html https://www.latimes.com/business/la-fi-nocera-tax-avoidance-.... If we aim for 90 and get 45, I think that's much better than aiming for 27 and getting 0 as we have today.
It also seems that this was the time where many loopholes were invented. I think it would be easier to find a way to deal with those loopholes than trying to find that money elsewhere in society as we currently do.