• originalucifer
    link
    fedilink
    439 months ago

    in the united states, there were all kinds of ‘wealth’ taxes that prevented the loop holes. all that was systematically deleted over the last 60 years as conservatives decided ‘me want money, fuck society’

    • Sir_Osis_of_Liver
      link
      fedilink
      109 months ago

      The top marginal tax rate in the US peaked in 1951 at 92% on income in excess of $400k (joint filing two income), the equivalent of about $4.7M in today’s money. That should come back.