@boem to TechnologyEnglish • 9 months agoTech Titans Are the Robber Barons of Our Gilded Agejacobin.comexternal-linkmessage-square26arrow-up1492arrow-down115cross-posted to: [email protected][email protected]
arrow-up1477arrow-down1external-linkTech Titans Are the Robber Barons of Our Gilded Agejacobin.com@boem to TechnologyEnglish • 9 months agomessage-square26cross-posted to: [email protected][email protected]
minus-squareÐ Greıt Þu̇mpkinlinkfedilinkEnglish3•8 months agoWell the highest marginal rate ever was about 90% in the 50s and there wasn’t significant capital flight at that time
minus-square@[email protected]linkfedilinkEnglish1•8 months agoThere wasn’t significant movable capital either at that time.
minus-square@[email protected]linkfedilinkEnglish1•8 months agoYes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn’t exist back then.
minus-squareÐ Greıt Þu̇mpkinlinkfedilinkEnglish1•8 months agoYeah, instead there was a bunch of fruit companies, IBM, and GM. The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.
Well the highest marginal rate ever was about 90% in the 50s and there wasn’t significant capital flight at that time
There wasn’t significant movable capital either at that time.
in the 50s‽ Yeah sure whatever ya say.
Yes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn’t exist back then.
Yeah, instead there was a bunch of fruit companies, IBM, and GM.
The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.