In the 1950's the US taxed the income of America's wealthiest at 91% and 70% in the 1960's.
Not only has the percentage continued to decrease, the wealthy have found more and more nefarious ways to avoid paying income tax at all.
They do it because it benefits the people and allows them to have a great Social Safety Net. The idiots here would rather die without healthcare, have dumb children with no education and go hungry because they don’t have food because we are waiting on that trickle down effect to kick in😒
European here. That's total bullshit of course. Those are maximum income taxes for people like you and me. Capital income taxes are way lower and can be circumvented more or less the same as in the US.
The father of capitalism. The 1,000 year reign of the Byzantine empire fell because the wealthy refused to pay their taxes and they couldn’t afford the cannon that the Seljuk Turks could and peasant and noble alike became slaves.
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Not only has the percentage continued to decrease, the wealthy have found more and more nefarious ways to avoid paying income tax at all.