This was the era of robber barons, not long after this the US actually did something about these people, including some of the best progressive tax rates the US probably ever saw.
For example in 1951 if you had an income of $400,000, every dollar you made beyond that was taxed at 91%. That doesn’t necessarily mean they paid that much, but they paid a lot more than they do nowadays.
Maybe 30 years after our first trillionaire will get our s*** together again, or maybe not.
Thought you might want to know. Information is power.
100%. It is always better to know. I think that’s what draws us all to this place.
At the same time, fuuuuuck man. 😔
I think capitalism is humanities terminal illness.
So much potential wasted.
This was the era of robber barons, not long after this the US actually did something about these people, including some of the best progressive tax rates the US probably ever saw.
For example in 1951 if you had an income of $400,000, every dollar you made beyond that was taxed at 91%. That doesn’t necessarily mean they paid that much, but they paid a lot more than they do nowadays.
Maybe 30 years after our first trillionaire will get our s*** together again, or maybe not.
“Now I know!”
“And knowing is half the battle!”