Eric Blair on Nostr: A remarkable piece on how Jimmy Carter’s tax defeat led to massive inequality. ...
A remarkable piece on how Jimmy Carter’s tax defeat led to massive inequality.
Carter campaigned on taxing the “idle rich.” He wanted the same tax on capital gains and income.
Instead a grassroots biz effort beat him—and the wealthy got much richer.
https://talkingpointsmemo.com/cafe/how-1978-shifted-power-in-america-and-laid-the-groundwork-for-our-current-political-moment
Carter campaigned on taxing the “idle rich.” He wanted the same tax on capital gains and income.
Instead a grassroots biz effort beat him—and the wealthy got much richer.
https://talkingpointsmemo.com/cafe/how-1978-shifted-power-in-america-and-laid-the-groundwork-for-our-current-political-moment