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A comment on Evidence from leaked account data on how elites use offshore banking [pdf]. Parent comment

Re:Evidence from leaked account data on how elites use offsh... by Gibbon1 on Saturday May 08, 2021 @05:14PM (#27090763)
Those high taxes were never about revenue, they were all about keeping corporate managers from looting the companies that employed them.
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Re:Evidence from leaked account data on how elites use offsh... by throwaway77388 on Saturday May 08, 2021 @05:39PM (#27090974)
I think I should have said 'very high taxes'.
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Re:Evidence from leaked account data on how elites use offsh... by Gibbon1 on Saturday May 08, 2021 @05:49PM (#27091061)
Doesn't matter even with the high marginal tax rates of the 1940's the amount of revenue generated from those taxes was small. Most wealthy people choose to reinvest profits rather than converting them to personal income.
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