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    Mitch Wagner (mitchw@mastodon.social)'s status on Thursday, 17-Oct-2024 02:56:32 JSTMitch WagnerMitch Wagner

    Of course we can tax billionaires:

    "Taxing the ultra-rich isn’t like the secret of embalming Pharaohs – it’s not a lost art from a fallen civilization. The US top rate of tax in 1944 was 97%. The postwar top rate from 1945-63 was 94%, and it was 70% from 1965-80. This was the period of the largest expansion of the US economy in the nation’s history. These are the “good old days” Republicans say they want to return to."

    — Cory Doctorow ... https://mitchw.blog/2024/10/16/of-course-we.html

    In conversation7 months ago from mastodon.socialpermalink

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      Mitch's Blog
      Of course we can tax billionaires: Taxing the ultra-rich isn’t like the secret of embalming Pharaohs – it’s not a lost art from a fallen civilization. The US top rate of tax in 1944 was 97%. The postwar top rate from 1945-63 was 94%, and it was 70% from 1965-80. This was the period of the largest expansion of the US economy in the nation’s history. These are the “good old days” Republicans say they want to return to.
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