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Maybe first find out why it is not just "we" but whole world moved to far lower tax rate in last six decades. > We also need to tax interest, capital gains, di
by geodel 1y ago
Maybe first find out why it is not just "we" but whole world moved to far lower tax rate in last six decades.
> We also need to tax interest, capital gains, dividends etc. at the same rate as wages.
"We" can tax every breath of every person alive but we are not going back to 50s for sure.
- asveikau 1y agoThe problem is that Reagan/Thatcher's failed experiment is now considered an inevitable law of the universe. Taxes can only go down. Anything else is crazy. You get people talking about taxation's effect on the economy as a baseline assumption without any evidence that it actually works like that. The 1950s was a period of huge economic boom with very high tax rates for top earners, which is a counterexample to popular narratives about how high taxes supposedly hurt the economy. In the private sector, obsession with short term profits and "shareholder value" is the corollary. Both of these are now polite consensus, inevitable, but have wrecked government, wrecked our economy, and wrecked people's minds.