Comment on Is it really possible to tax the rich?

hendrik@palaver.p3x.de ⁨1⁩ ⁨year⁩ ago

• Rivalarrival@lemmy.today ⁨1⁩ ⁨year⁩ ago

  Certainly. Most of the 20th century, the top tier tax rate was set at a level that can only be described as “punitive”. It was higher than 90% to kill off the robber barons.

  While I am not morally opposed to beheading rich people, we really need to go back to the tax rates we had in the 50’s. And add a securities tax, payable in shares of that security, that the IRS can liquidate slowly over time.

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• problematicPanther@lemmy.world ⁨1⁩ ⁨year⁩ ago

  most effective tax reform

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  • Cort@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Yeah they only wanted the top 10% of the top 10%

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