• Juno@beehaw.org
      link
      fedilink
      arrow-up
      15
      ·
      11 months ago

      Income tax for the highest earners in the USA, as an example, used to be 93% tax

      You read that correctly and I believe my number is accurate.

      Rich assholes bought PR machines to convince the public that system was unfair to them. So they lowered taxes on the rich. However, that lost tax revenue had to be made up some how. So the poorer pay more So the rich can piss on them from on high - err so the rich can trickle down.

      Low taxes for the Uber wealthy is a relatively new thing.

      • sabreW4K3@lemmy.tfOP
        link
        fedilink
        English
        arrow-up
        2
        ·
        11 months ago

        Ahhhh. That’s one of the things that infuriates me. How people will vote based on the fact that they may get rich one day and so not want to hurt their potential future self, not realising that the way they vote will never allow them to get into that position, except from with a stroke of luck.