Qasim Rashid, Esq.Jul 15, 2023

From 1940s-1980, the wealthiest paid 70-94% marginal tax rates. Zero of them went broke from taxation. Zero of them left the USA. All remained exceedingly wealthy, manufacturing boomed, AND we had the strongest middle class growth in US History.

Let's do that again. #TaxTheRich

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@QasimRashid Silicon Valley was founded in the late 50s/early 60s (Intel, National Semiconductor, Fairchild, TI etc.). Let's not be to rosy-hued about how great things were, but the record of the 50s shows that high taxes did not suppress ambition, innovation, or entrepreneurship.
Jul 15, 2023 at 10:39pmWeb