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A comment on New data show that joining the 1% remains unsettlingly hereditary. Parent comment

Re:New data show that joining the 1% remains unsettlingly he... by eli_gottlieb on Saturday February 04, 2017 @01:01PM (#13568046)
>We saw this tried many times in the 20th century and there's not one success story to come out of it.

Mid-20th-century America seemed pretty damned successful, and it involved very high income taxes at the top, confiscatory inheritance taxes, and strong antitrust laws.

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Re:New data show that joining the 1% remains unsettlingly he... by twoodfin on Saturday February 04, 2017 @01:35PM (#13568239)
Also systemic racism of a kind nearly unimaginable today, cultural barriers to many jobs for half the population, and a world economy severely unbalanced in the US's favor by a World War.

Nostalgia for the era of "Mad Men" seems bizarre to me.

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Re:New data show that joining the 1% remains unsettlingly he... by eli_gottlieb on Saturday February 04, 2017 @03:43PM (#13568936)
I'm not nostalgic. I think that the egalitarianism and shared prosperity of that era came from certain structural features it had, which can be replicated today, rather than from peculiar, one-time historical circumstances.
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