Remember how good the economy was in the 50’s and 60’s? Wanna guess what the tax rate on the wealthy was? It was 91%. This was the “golden age of American capitalism”, and that tax revenue kicked off a slew of public works projects that boosted the economy.
What semantics game? I asked for a source supporting the claim regarding wealth taxes. You have not provided one and a different account, not you, demonstrated they don’t know the difference between wealth and income taxes. They were confused whereas you haven’t backed your claim.
Alternatively some of us have taken economics classes and history classes and know how poorly wealth taxes have worked.
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Please provide a source that substantiates the idea that wealth taxes have ever worked.
Remember how good the economy was in the 50’s and 60’s? Wanna guess what the tax rate on the wealthy was? It was 91%. This was the “golden age of American capitalism”, and that tax revenue kicked off a slew of public works projects that boosted the economy.
I asked fir a source that demonstrates that wealth taxes work not that higher tiers of income tax work which is what you are talking about.
Considering that you do not know the difference between these things you should be less certain as to how any of this works.
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What semantics game? I asked for a source supporting the claim regarding wealth taxes. You have not provided one and a different account, not you, demonstrated they don’t know the difference between wealth and income taxes. They were confused whereas you haven’t backed your claim.
So do you have a source?
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Wikipedia is not a great source for things like this. In fact it does not support the notion that there is no capital flight.
Given your comments here Im not sure you are in a position to determine how educated people are on taxation.
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That’s not a source nor does it establish what you claim.