Victoria Stuart 🇨🇦 🏳️⚧️ on Nostr: Addendum 3 Which Nation Taxed the Rich the Most? Britain & the United States once ...
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
Published at
2023-09-04 04:19:27Event JSON
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"content": "Addendum 3\n\nWhich Nation Taxed the Rich the Most?\nBritain \u0026 the United States once competed for that honor. Times have changed\nhttps://inequality.org/great-divide/which-nation-has-taxed-the-rich-the-most\n\n* 8 decades ago (near end WWII) U.S’s richest faced 94% federal tax rate on income \u003e$200,000\n* with Ronald Reagan’s election by 1988 U.S.’ richest faced 28% top-bracket bite\n* we’ve experienced no trickle-down\n* instead an incredibly intense concentration of wealth\n\n#DefundBillionaires #neofascism #WealthInequality #WealthConcentraion #taxation",
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