u/privatize_the_ssa, from can u/jenbanim unban me?, USA, donated 12 nets to protect 22 people on 09 Dec 2025 to /r/neoliberal Against Malaria 2025 and left this message:
According to the works of Auten and Splinter, the average effective federal income tax rate for the 1% has barely changed overtime, this greatly upsets the succs who want to bring back a 70% rate, even thought the loopholes made it smaller. Moreover, if you look at the word of Piketty and Succman they themselves show that the higher effective tax rates on the rich in the past weren't from income taxes but estate and corporate tax rates. The corporate tax rate that we had before the 1980s was cursedly high and probably economically damaging, if you want them you hate America. This isn't to say economic inequality isn't a problem, due to higher inequality, a lot of the economic growth we've had in the past 40 years has gone to the top rather than the middle. It also isn't to say we shouldn't raise the top marginal tax bracket, ideally it would be 50%. Also did you know that the Kennedy tax cuts were the first explicitly Kenyensian policy of the US non in response to a recession?