this post was submitted on 06 Dec 2023
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Politics
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Income tax for the highest earners in the USA, as an example, used to be 93% tax
You read that correctly and I believe my number is accurate.
Rich assholes bought PR machines to convince the public that system was unfair to them. So they lowered taxes on the rich. However, that lost tax revenue had to be made up some how. So the poorer pay more So the rich can piss on them from on high - err so the rich can trickle down.
Low taxes for the Uber wealthy is a relatively new thing.
Ahhhh. That's one of the things that infuriates me. How people will vote based on the fact that they may get rich one day and so not want to hurt their potential future self, not realising that the way they vote will never allow them to get into that position, except from with a stroke of luck.