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Re:Modeling a Wealth Tax by voxic11 on Tuesday August 18, 2020 @11:35AM (#24199944)
I think you are also being a bit misleading, you do mention how much richer people are today but this really can't be overstated. In 1861, only 3% of the population earned more than $800 per year. So the original income tax only applied to the very rich.
Re:Modeling a Wealth Tax by giantg2 on Tuesday August 18, 2020 @12:06PM (#24200384)
And wasn't it also supposed to be temporary to pay for the war?