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Top marginal tax rate from 1930 to 1970 was between 70% & 90%. It has been too low since 1980s. It is why we have seen CEO pay explode, the wealth gap increase, and the middle class shrink. It’s bad for society in general.
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Taxation is not stealing. This is the stupidest argument. We all benefit from government services. And the rich benefit the most by far. I know this isn’t the story they sell you though. They have you focus on the peanuts that are given to poor people.
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They started collecting income tax as a result of the Great Depression. They instituted a lot of things designed to safe guard us a population from that sort of devastation happening again. That coupled with WW 2 and the new deal led to the largest middle class in history.
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