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[-] phatskat@sh.itjust.works 2 points 1 year ago

Remember how good the economy was in the 50’s and 60’s? Wanna guess what the tax rate on the wealthy was? It was 91%. This was the “golden age of American capitalism”, and that tax revenue kicked off a slew of public works projects that boosted the economy.

[-] Peaty@sh.itjust.works -1 points 1 year ago

I asked fir a source that demonstrates that wealth taxes work not that higher tiers of income tax work which is what you are talking about.

Considering that you do not know the difference between these things you should be less certain as to how any of this works.

this post was submitted on 30 Sep 2023
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Lefty Memes

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An international (English speaking) socialist Lemmy community free of the "ML" influence of instances like lemmy.ml and lemmygrad. This is a place for undogmatic shitposting and memes from a progressive, anti-capitalist and truly anti-imperialist perspective, regardless of specific ideology.

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