this post was submitted on 26 Oct 2024
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[–] [email protected] 36 points 3 days ago (2 children)

You don't have to go that far back to find a time when the rich were heavily taxed and income disparity was much smaller. Keep going back and you can find other times when the disparity was greater and the rich were taxed less.

The best outcome may require the system to be torn down, but it's clearly also possible to tax the rich significantly more even with the system already in place.

[–] [email protected] 18 points 3 days ago (1 children)

Exactly. Post WWII the tax on the richest was 90%, it stayed there until the mid 60s when it was lowered to 70% and then in the early 80s Reagan and that congress lowered it to 50%, then briefly to even below 30%.

It probably wouldn't have happened without the combined effect of the Great Depression rolling directly into WWII. With those two events, it was possible to raise taxes that high, and the rich actually (to a large extent) paid them.

Even though the "Again" part of MAGA is very ill-defined, I think a lot of MAGA supporters would point to the post WWII era as a time that America was great. A greater shared prosperity was probably a significant reason why things felt so great then. Unions were strong, rich people were heavily taxed, and everyone was better off.

[–] [email protected] 1 points 2 days ago (1 children)

For varying definitions of "everyone"...

[–] [email protected] 1 points 2 days ago

I don't think there was anybody in the 1950s who was much worse off than they were in the 1930s. Yes, it took a while for women, non-whites, non-straights, etc. to get their full rights. But, even with fewer rights than a married white christian man, things were improving for them too. But, obviously, there's a reason that the MAGA theme resonates much more with old straight white men than it does with anybody else.