Dave JohnsonJan 20, 2023

I'm older so I remember things. Everything you see happening today should be understood this way:

The top tax rate used to be 90% in order to prevent the really rich from destroying democracy.

The corporate tax rate was 50% because corporations exist to serve society.

AND the inheritance tax was really high to keep family dynasties from gaining power over us.

#taxes #democracy

Show threadFogBelter
@dcjohnson also forgotten, those higher tax rates were implemented by the ruling class to save it from itself, for when the oligarchs become detached from society, imbue themselves with mythological traits, and become perceived as a toxic burden by the people, history shows, they tend to be purged.
Jan 20, 2023 at 7:49pmWeb
Show threadLibertyForward1Jan 20, 2023
@FogBelter @dcjohnson Let us binge and purge. #EatTheRich
Show threadSolar🌄GardenJan 21, 2023

@FogBelter @dcjohnson

https://www.theguardian.com/commentisfree/2023/jan/19/millionaire-davos-tax-inequality-rich

I’m a millionaire – this is why I’m at Davos begging to pay more tax

I’ve seen how growing inequality is tearing societies apart. Now I’m calling for the world’s richest people to pay their fair share, says founder member of Patriotic Millionaires UK Phil White

The Guardian