I hope this is the beginning of the pendulum swinging back towards a more sustainable tax regime. A lot of people forget - or pretend to forget - in the "golden age" of america's great works, the top tax rate was above 90%! And somehow all that innovation and wealth creation still managed to happen (and is now all beginning to fall apart).
I'm not advocating for a return to those levels, but right now the truly rich effectively pay no tax at all,basically a result of regulatory capture at the individual level. Hopefully, this is the first step in that finally beginning to swing back in the other direction.
I'm not advocating for a return to those levels, but right now the truly rich effectively pay no tax at all,basically a result of regulatory capture at the individual level. Hopefully, this is the first step in that finally beginning to swing back in the other direction.