this post was submitted on 24 Oct 2025
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[–] comador@lemmy.world 10 points 1 week ago

Still insufficient. Invoke pre-1960 tax laws:

https://inequality.org/article/tax-the-rich-we-did-that-once/

Back at the tail-end of that era, in the early 1960s, America’s richest faced a 91 percent tax rate on income in the top tax bracket.

We taxed the rich 75% or higher for well over a century:

https://taxfoundation.org/data/all/federal/historical-income-tax-rates-brackets/

It's time to bring it back, now.