[ElProlactin]

> What I take serious issue with is the deceptive and uncharitable nature of your "correction", which didn't mention that the number I quoted was real and in effect up until 1963.

"Reagan-era" is the 1980s. You were off by almost two decades. That warranted a correction.

And as I noted, the number of people who this rate actually applied to was unbelievably small. To put it in precise terms: in 1963, only 501 returns out of approximately 50 million filers actually paid this rate. According to the Tax Foundation, the actual average effective tax rate for the top 1% of earners in 1962 was only ~16%. That's because, as I noted, there were tons of exclusions, deductions and shelters permitted, the biggest of which were removed as the tax rates were lowered.

Taking the position that tort law and consumer protection regulation, not punitive tax rates that will never actually be paid, is the way to deal with corporations behaving badly is common sense, not pro-oligarch.