this post was submitted on 26 Oct 2024
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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.
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.
For varying definitions of "everyone"...
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.
Lmfao, looking back longingly at feudalism (with a stop over in the cold war era? Because that was such a prosperous time for so many in society /s) I'm guessing isn't making the point you think it is. You're literally arguing in favour of maintaining a disparity. The size of isn't the point, it's existence in the first place is.
Maybe have a think with yourself about why you're so attached to the idea of there being a rich and ruling class at all, whose graces and willingness to pay back a tiny percentage of the money they extracted by exploitation society should depend on..
What the hell are you talking about? We're talking about increasing taxes for the ultra-rich. Saying ultra-wealth people should be paying >90% tax has nothing to do with feudalism, and it certainly isn't supporting the concept of a rich and ruling class.
All I'm saying is that taxing the rich is good and necessary for as long as they exist. Sure, our current system is a disparity engine, but it's not impossible for us to dilute the effects of it with progressive tax policies, as has been done in years past.
Personally I don't see it as a choice of either tax the rich or abolish capitalism. I see the two goals as mutually connected to liberation and progress: tax the rich until we can replace the system with a better one.
Building coalitions around progressive policies within the current system can help shift more people into alignment with post-capitalist thinking. Fomenting divisions between socialists and progressives does the opposite; solidarity forever.
It certainly is. There shouldn't be any people who have that much more than everyone else that a tax bracket that high should even exist. To get to that point you have had to be exploiting others, and allowing them to continue to exploit society and have vastly more power than anyone else, as long as they pay back some (even 90%, that still leaves the likes of Musk and Bezos billionaires) is still maintaining the status quo, no matter how socialist it makes you feel (90% tax isn't socialism, workers owning the means of production is, which leaves no room for such disparity). So feel free to ask yourself that same question I asked above.
E: as for feudalism, that's all capitalism is - feudalism with extra steps. You having been indoctrinated to believe there needs to be a ruling class doesn't mean that's true.
I agree that there shouldn't be any people with that wealth, and so does the person you were responding to. But taking away 90% of people's money above a reasonable threshold is definitely not going to help those people become ultra rich. It would make becoming ultra rich more difficult, and instead spread the wealth across the wider population - decreasing wealth disparity.
And although there is almost certainly a better way possible, this method is relatively easy to implement and is an obvious improvement over our current situation. So we can just go ahead and do it while we continue to find consensus on a better system in the long run.
You seem to be arguing that taxing the rich is somehow bad because it isn't perfect. Your argument makes no sense. You are saying that taking their money helps them maintain a position of wealth. That makes no sense. Of course taking their money will make them less rich. Surely that's easy to understand.