> "Effective Income Tax Rates Have Fallen for The Top One Percent Since World War II"
That link has an agenda. Choosing the height of WWII as the baseline is cherry picking. Effective rates were higher during WWII than they were before or since, but that was eight decades ago, not for very long, and for an obvious reason.
They're also achieving even that much difference by applying speculative math to capital gains, which is meaningless because doing that in real life would result in major behavioral changes.
And it's still not clear how any of that is supposed to solve it. Suppose the founder of MegaCorp has to sell more of their shares to pay the money in tax. They sell them to BlackRock or China or whatever. Is that going to cause MegaCorp's lobbyists to stop trying to capture the government? How? You need there to be more, smaller companies, not change who owns the shares of the predatory megacorps.
It's clear you have very little historical or economic knowledge about taxation, and it seems like the sum total of your thoughts on the matter is: taking money from people I don't like makes me feel good.
That link has an agenda. Choosing the height of WWII as the baseline is cherry picking. Effective rates were higher during WWII than they were before or since, but that was eight decades ago, not for very long, and for an obvious reason.
They're also achieving even that much difference by applying speculative math to capital gains, which is meaningless because doing that in real life would result in major behavioral changes.
And it's still not clear how any of that is supposed to solve it. Suppose the founder of MegaCorp has to sell more of their shares to pay the money in tax. They sell them to BlackRock or China or whatever. Is that going to cause MegaCorp's lobbyists to stop trying to capture the government? How? You need there to be more, smaller companies, not change who owns the shares of the predatory megacorps.