170
Before Thatcher... (hexbear.net)
you are viewing a single comment's thread
view the rest of the comments
[-] CarbonScored@hexbear.net 59 points 2 months ago* (last edited 2 months ago)

Before Thatcher, the top tax rate for highest earners was 83%. If it was classed as 'unearned income' (eg capital gains), the tax could have a 15% surcharge, meaning the top tax rate for unearned income was 98%. (Under Thatcher, that went down to 60% - the top rate now is just 45%.)

And people wonder why we suddenly don't have money to fund public services anymore.

[-] CocteauChameleons@hexbear.net 7 points 2 months ago

TIL Thatcher is more left than the American dems

this post was submitted on 02 Apr 2025
170 points (100.0% liked)

chapotraphouse

13883 readers
982 users here now

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Slop posts go in c/slop. Don't post low-hanging fruit here.

founded 4 years ago
MODERATORS