Comment by ricardobayes

It's interesting to look at feudal tax rates. It varied between countries but the concept of "thirteenth" seems to be common, based on what I see it used to be between 2% and 10% of "revenue". I wonder when did we normalize 40-60% taxation. Seems we made a wrong turn somewhere. Perhaps our convenient modern life wouldn't be sustainable on such low taxes, but maybe it would - looking at Monaco or Dubai firmly at 0%.