Re:Dan Price says raising min wage to $70k led to baby boom,...
by lbrito on Wednesday September 15, 2021 @02:53PM
(#28542885)
>You should have increased taxes on the rich. You should have increased minimum wage.
Pretty obvious and orthodox solution, tried and tested worldwide in the last century, however: it goes against neoliberal creed and thus is anathema since the 80s.
Once upon a time (war time) the US had 94% top tax bracket[1]. Let that sink it.
Obviously there's no WW2 right now, and that extreme level of confiscation is probably unwarranted. But it makes you think how far the US has strayed and how impossible any slightly more progressive tax brackets seem today.
Pretty obvious and orthodox solution, tried and tested worldwide in the last century, however: it goes against neoliberal creed and thus is anathema since the 80s.
Once upon a time (war time) the US had 94% top tax bracket[1]. Let that sink it.
Obviously there's no WW2 right now, and that extreme level of confiscation is probably unwarranted. But it makes you think how far the US has strayed and how impossible any slightly more progressive tax brackets seem today.
[1] https://teachinghistory.org/history-content/ask-a-historian/...