| The top 0.01% payed an effective rate of 50-75% in the 40s. That is drastically higher than today. Just because the wealthy found ways out of the full 90% doesn't mean the taxation rates were a huge factor in the standard of living then. Were there other factors? Absolutely but it's disingenuous to claim there was no difference in tax policy now vs then. > widespread tax avoidance, capital flight, and a reduction in domestic investment Do you not think the US has the capability to enforce their tax laws despite these efforts? It absolutely gets its tax dollars from foreign earned income, it can penalize such tax avoidance strategies (these companies operate in the unite states after all). > The rich do not make the bulk of their wealth through a salary Yeah, because it's a method to avoid taxation obviously. That's why we need to tax loans against assets ("buy, borrow, die") and increase capital gains to be at least above that of labor. It's so incredibly obvious the wealthy do whatever they can to avoid taxation. Why are you so dead-set on furthering their agenda? I'm curious, what's your solution to wealth inequality or do you think we should just let the super wealthy return to the robber barons/kings of yesteryear? |