And the rest of us know how well ignoring the problem or sanguinely accepting them works out. We also know what DID work, and wealth taxes were indeed part of thar solution.
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.
What semantics game? I asked for a source supporting the claim regarding wealth taxes. You have not provided one and a different account, not you, demonstrated they don’t know the difference between wealth and income taxes. They were confused whereas you haven’t backed your claim.
I dunno man, everything in the Wiki seems to suppirt everything I’ve said, from wealth hoarding damaging the economy to wealth taxes not leading to investment drain. It seems like those who oppose the tax don’t understand how investment economics work, nor do they understand the psychology is the VC class. They’re literally just poor people pretending they’d know what to do if they were rich.
I swear corporations hire these people to come in here and defend billionaires. Billionaire who will never even spend any of that in a hundred life times.
The bootslurping in this thread is wild
Alternatively some of us have taken economics classes and history classes and know how poorly wealth taxes have worked.
And the rest of us know how well ignoring the problem or sanguinely accepting them works out. We also know what DID work, and wealth taxes were indeed part of thar solution.
Please provide a source that substantiates the idea that wealth taxes have ever worked.
The entirety of the New Deal all the way until 1980 when the fascists began to dismantle it.
That’s not a source nor does it establish what you claim.
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.
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.
Oh, I get it… you’re gonna play the cheap semantics game.
You are dismissed.
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What semantics game? I asked for a source supporting the claim regarding wealth taxes. You have not provided one and a different account, not you, demonstrated they don’t know the difference between wealth and income taxes. They were confused whereas you haven’t backed your claim.
So do you have a source?
I dunno man, everything in the Wiki seems to suppirt everything I’ve said, from wealth hoarding damaging the economy to wealth taxes not leading to investment drain. It seems like those who oppose the tax don’t understand how investment economics work, nor do they understand the psychology is the VC class. They’re literally just poor people pretending they’d know what to do if they were rich.
https://en.m.wikipedia.org/wiki/Wealth_tax
I swear corporations hire these people to come in here and defend billionaires. Billionaire who will never even spend any of that in a hundred life times.