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by findthewords
232 days ago
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Everything in economics always boils down to 1. supply and demand and 2. taxation. One can simply look at historical income taxes in the USA and their progressiveness and conclude that over time taxes tend to regress until some economic calamity or war happens, after which taxes become extremely progressive again for a short while (top income tax rate bracket of 75% to 90%). See for yourself, it's all there: https://files.taxfoundation.org/legacy/docs/fed_individual_r... |
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