• ☂️-@lemmy.ml
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    4 hours ago

    iirc in the 50s the us taxed rich people out of 90% of their wealth.

    obviously they rolled that back because they werent deposed like they should be, but really makes you think.

    • neukenindekeuken@sh.itjust.works
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      1 hour ago

      Officially this was the case, but nobody really paid that. Capital gains were still around 20%, around where they’re at today, and that’s how most of them got wealthy.