/r/antiwork: A tragedy of sanewashing and social gentrification

Re:/r/antiwork: A tragedy of sanewashing and social gentrifi... by Msw242 on Tuesday February 08, 2022 @08:35AM (#30258173)

Holy crap how are your comments not greyed out?

Marginal income tax rate of 90% != Wealth tax (for which we haven't even tested constitutionality)

Also, nobody paid close to 90% thanks to generous loop holes and strategic tax avoidance: https://www.latimes.com/business/la-fi-nocera-tax-avoidance-...

[ Parent | on HN ]

Re:/r/antiwork: A tragedy of sanewashing and social gentrifi... by dopidopHN on Tuesday February 08, 2022 @11:42PM (#30268923)

I don’t know what is the wealth tax you are referring to and I don’t see it referenced in my comment.

I was pointing out a historical period where taxes were setup differently than now. We tend to forget it was the case; and it seems to be out of the collective psyché.

Indeed in 2022 nobody pays close to 90%. I was referring to the 1945 to 1960 period. ( see linked article, nice read )

[ Parent | on HN ]

Re:/r/antiwork: A tragedy of sanewashing and social gentrifi... by labcomputer on Wednesday February 09, 2022 @01:10PM (#30275956)

`wonderwonder` said that a 100% wealth tax was unprecedented and not a realistic scenario.

Then you replied "It actually happened not that long ago, in the US" and cited that the US used to have a 90% marginal income tax bracket.

A 90% marginal income rate is not in the same universe as a 100% wealth tax rate.

[ Parent | on HN ]

Re:/r/antiwork: A tragedy of sanewashing and social gentrifi... by dopidopHN on Thursday February 10, 2022 @08:42AM (#30285835)

I see now. Thanks for pointing it out.

[ Parent | on HN ]