To be fair, the top tax rate during the most productive and innovative time in American history was 91%.
THAT is what allowed innovation to actually happen - because that excess wealth was actually being used to help eliminate poverty and bring the brilliant minds that had been hamstrung by poverty into their true potential.
It seems that you have been brainwashed by the far-right “libertarians” who want nothing more than to rule their company towns with iron fists.
To be fair, the top tax rate during the most productive and innovative time in American history was 91%.
THAT is what allowed innovation to actually happen - because that excess wealth was actually being used to help eliminate poverty and bring the brilliant minds that had been hamstrung by poverty into their true potential.
It seems that you have been brainwashed by the far-right “libertarians” who want nothing more than to rule their company towns with iron fists.
I had no idea about this actually. What are some good books or sources to read up on this? That’s fascinating
Here’s a fair-minded article about it from Slate: https://slate.com/business/2017/08/the-history-of-tax-rates-for-the-rich.html
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Top tax rate !== The tax rate actually paid
At least it was there on paper.