For the first time in history, billionaires have a lower effective tax rate than working-class Americans.
For the first time in history, billionaires have a lower effective tax rate than working-class Americans.
The only way that's going to change is if people start yelling about how they're not paying their fair share for the bombs killing Palestinians
Damn what happened in the 80s?
Reaganomics happened
50% effective tax rate
Return to tradition.
if the graph went back another ten years it would have shown 90%
(I mean obviously that doesn't fix capitalism, but it'd still be nice.)
Ronald Reagan is genuinely my dinkleberg
For the first time in history, billionaires
have a lower effective tax rate than working-class AmericansThe existence of the billionaire class is very, very recent. In 1990, there were less than 100.
This is all fine and totally sustainable.