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Billionaires Hate This One Weird Trick: Taxing Them
(jacobin.com)
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this post was submitted on 12 Mar 2024
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Socialism
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He made considerably more than 30 billion that year. That number based on the 1/3rd the working class pays.
Taxes on the rich should go back to to 70% they used to be.
There were rich people back then, just like now.
My only quibble is that I think the top marginal rate should go back at least to the 94% it was in 1944, not just 70%. In fact, I'm not sure there is any reason the top marginal rate shouldn't just be permanently set to 100%, with the only variable being how high that margin is.
Oh I absolutely agree.
I only recalled at the time that it was at one point 70%, couldn't be arsed to research further at the time for a mere online comment.