Comment by kubb
16 days ago
The problem is that the actual solution is taxes and redistribution but if you try that, they’ll lynch you (the very people who would benefit most from it). Better to have weird Trumponomics than that.
16 days ago
The problem is that the actual solution is taxes and redistribution but if you try that, they’ll lynch you (the very people who would benefit most from it). Better to have weird Trumponomics than that.
I don't know - we had more equitable taxes in the mid 20th century, and now that time is thought of as the golden age of America.
I don't think it's that simple. First, the US economy was supercharged by virtue of being the only economy left humming along after WW2.
Also, in the mid 20th century, the top income tax rate was 91%. Now it's 37%. Capital gains taxes were also much higher. The wealthy were taxed much more heavily during our economic boom times than now. It's not hard to think that having a more equitable distribution of wealth, not taxes, might have something to do with it.