For the first time in history, billionaires have a lower effective tax rate than working-class Americans.
For the first time in history, billionaires have a lower effective tax rate than working-class Americans.
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Damn what happened in the 80s?
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Reaganomics happened
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50% effective tax rate
Return to tradition.
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if the graph went back another ten years it would have shown 90%
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(I mean obviously that doesn't fix capitalism, but it'd still be nice.)
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Ronald Reagan is genuinely my dinkleberg
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For the first time in history, billionaires
have a lower effective tax rate than working-class AmericansThe existence of the billionaire class is very, very recent. In 1990, there were less than 100.
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This is all fine and totally sustainable.
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The only way that's going to change is if people start yelling about how they're not paying their fair share for the bombs killing Palestinians