/sci/ - Science & Math

The Golden Era of American Capitalism (Post-war economic expansion) had 90% income tax rates on people earning more than a million (in 2011 dollars).

>>3757626
I agree. The wealthiest should be taxed more and public funds should be invested in public infrastructure and higher education to create a long-term, multiplier effect on economic growth.

>>3448000
The US taxed the top income margin of people who made 400,000 annually (in 2010 dollars that would be over 3.5 million) at 90% during the 50s and 60s. While the bottom tax rate was 17.4% for those making 4000. This period of domestic economic expansion after WW2 has since been known as the "Golden Age of American Capitalism."

Obviously if there is a developed economy people will still work hard to get richer even if there's a heavy tax rate once you're absolutely rolling in money.

>>1362979
Cool straw man, bra.

I personally support Social Democracies like Denmark, Germany, Scandinavia etc. However taxing corporations lowers their margins and makes them less competitive.

Going straight for the incomes of the executives and ultra rich is the way to re-distribute wealth back into the economy.