Except that is entirely incorrect? It is almost solely because the USA was 50% of the world economy at the time. Restoring the top marginal tax rate to 91% will not return us to prosperity
agreed. taxing the ultra rich is the only legal method available to the 99% to redistribute wealth back down the masses who have been systematically robbed and exploited and manipulated by oligarchs. who cares if revenues go up or down? either we tax the robber barons or we seize their assets… or our kids and grandkids will be destitute.
Except that is entirely incorrect? It is almost solely because the USA was 50% of the world economy at the time. Restoring the top marginal tax rate to 91% will not return us to prosperity
I say let’s try anyway
agreed. taxing the ultra rich is the only legal method available to the 99% to redistribute wealth back down the masses who have been systematically robbed and exploited and manipulated by oligarchs. who cares if revenues go up or down? either we tax the robber barons or we seize their assets… or our kids and grandkids will be destitute.
It was a bit of a one-off because Europe was in rubble post war and lots of money flowed to the US.