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Addendum 3
Which Nation Taxed the Rich the Most?
Britain & the United States once competed for that honor. Times have changed
https://inequality.org/great-divide/which-nation-has-taxed-the-rich-the-most
* 8 decades ago (near end WWII) U.S’s richest faced 94% federal tax rate on income >$200,000
* with Ronald Reagan’s election by 1988 U.S.’ richest faced 28% top-bracket bite
* we’ve experienced no trickle-down
* instead an incredibly intense concentration of wealth
#DefundBillionaires #neofascism #WealthInequality #WealthConcentraion #taxation
Which Nation Taxed the Rich the Most?
Britain & the United States once competed for that honor. Times have changed
https://inequality.org/great-divide/which-nation-has-taxed-the-rich-the-most
* 8 decades ago (near end WWII) U.S’s richest faced 94% federal tax rate on income >$200,000
* with Ronald Reagan’s election by 1988 U.S.’ richest faced 28% top-bracket bite
* we’ve experienced no trickle-down
* instead an incredibly intense concentration of wealth
#DefundBillionaires #neofascism #WealthInequality #WealthConcentraion #taxation