The top federal income tax rate was 91 percent in 1950 and 1951, and between 1954 and 1959. In 1952 and 1953, the top federal income tax rate was 92 percent. (USA) We need to go back to this. Wealth inequality is damaging society far more than ever. From Onlyfans to Bitcoins Scams, social media platforms has only exacerbated the issue. Will the pendulum swing back to morality and just cause away from lawlessness and…
Wealth inequality is not being caused or exacerbated by Onlyfans and Bitcoin scams or "lack of morality", whatever that means. Corporate and high income taxes have been slashed. This has been going on for decades, but the prior president and congress gave the wealthiest Americans and corporations a two trillion dollar tax cut - a forty percent reduction in corporate taxes - and this was after one trillion dollars in…
This is also partly why post-war Europe introduced generous social programs - as a way to prevent people from being seduced into communism.
There is no equivalent fear today.