Mastodawn

Dave Johnson Jan 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

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DanS

@dcjohnson Well-conceived, fair and progressive taxation is absolutely the most efficient way to grow both equity and the economy at the same time. That is why eliminating taxes is now a sacred tenet of one of our political parties in the USA.