Re:Universal Basic Income is Capitalism 2.0
by 0DHm2CxO7Lb3 on Thursday July 30, 2020 @06:39AM
(#23996589)
> Tax rates on the rich are at historically low levels
Not really. The income tax didn't exist before 1913 and the government was way smaller so there wasn't a even need to collect a lot of taxes. Are you thinking of the 50s? Because even in that time people just avoided to declare all their income (it was easier back then) or used other loop holes to avoid paying taxes [1]
Not really. The income tax didn't exist before 1913 and the government was way smaller so there wasn't a even need to collect a lot of taxes. Are you thinking of the 50s? Because even in that time people just avoided to declare all their income (it was easier back then) or used other loop holes to avoid paying taxes [1]
[1] https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/