5 ms·
also, all you people pining for the 90% tax days go look at what sort of loopholes were available at that time. You basically had to be one of the unlucky few p
by snapplebobapple 3y ago
also, all you people pining for the 90% tax days go look at what sort of loopholes were available at that time. You basically had to be one of the unlucky few primarily earning income as salary to be exposed to that because there were so many loopholes. It wasn't the tax regime that made that the golden age, it was that antitrust broke up the trusts and world war 2 crushed a lot of the incompetent offspring billionaires, making the usa more equal than it ever had been and the golden age came from the cream of the crop striving and making it to the top over the following decades (and leaving us with the oligopoly problem we have now, along with their incompetent offspring broadly in control of the oligopoly).