Thread 513511735

when the US middle class was the wealthiest, the marginal tax rate on the rich ranged from 70 to 90%. Middle class people worry that increasing taxes on the rich will hurt their income, but the US conducted that experiment in the 20th century and the opposite is true.

https://taxpolicycenter.org/statistics/historical-highest-marginal-income-tax-rates

There were still plenty of rich people, and a single union job could support an entire family. J Paul Getty had a tax rate of 70% in the 1970's and still was worth 6 billion dollars (23 billion in 2024 dollars).

>>513511735 (OP)
>Tax the rich more
Taking money from others and giving it to the government helps you how?

>>513511889
This. And where does the fucking tax money even go? Not to fix the roads.

>>513511735 (OP)
>the marginal tax rate on the rich ranged from 70 to 90%.
no it wasn't you fucking retard, with loopholes and write-offs no one ever paid that much

>>513511889
Every. Single. Fucking. White country's government is against tgeir people. What tge absulute fuck is this shit.

>>513511889
Everyone has to pay taxes and it's like 30%-25% why doesn't everyone pay a flat rate is the problem dingus, wtf is bill gates doing with that US legal tender? He sure as fuck inst helping America, it's US property it should stay in the US...

>>513511735 (OP)
>when the US middle class was the wealthiest, the marginal tax rate on the rich ranged from 70 to 90%
correlation/causation. This was also a time period where women couldn't open bank accounts, black people couldn't use the same water fountain, and having consensual sex with an adult of the same gender got you thrown in prison

>>513512089
Exploiting the system since day one, go figure, cheaters are gonna cheat,
>But I cheated legally, look, see this jewish law, my jewish lawmakers and lobbyists wrote

>>513512144
wtf's a hovernment?

>>513512296
I fucking hate texting.

>>513511735 (OP)
When the US middle class was the wealthiest, it was only 4% foreign born and just about 90% white.
So please fuck off with the your retarded preconditions, you 1pbtid bot.

>>513511735 (OP)
Based

>>513512229
Take me back.

>>513511735 (OP)
Taxing the rich is a good idea.

>>513511735 (OP)
tax changes might help, but the real reason for rising wealth disparities in the west is labor market structure
mass immigration prevents scarcity from raising wages
immigration creates a perpetual labor glut that stagnates wages
it also removes the incentive to improve higher education

>>513512462
based

op can go fuck itself