Posted inMultimedia / Tax / USA Empire

How radically taxes on the wealthy have fallen over the past 70 years

We now know the richest 400 Americans have rigged the system to pay lower taxes than everyone else in the country. The question of our time is this: will we tolerate it? Or will we take back our democracy from the oligarchs who run this country?

In 1950 the overall tax rate for the richest 400 households: 70% 1980: 47% 2018: 23% Middle and low income households rates did not change, now higher than the richest. Inequality is driven by policy choices, not some inherent laws of nature.

What a crazy coincidence that carbon emissions have exploded over the same period that the wealthy have been allowed to hoard more and more wealth wonder if there might be a connection there

— source twitter.com/DLeonhardt | 6 Oct 2019

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