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.
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 )