Taxing the rich isnβt radical. It isnβt even new.
The current top-bracket tax rate is 37%. But in 1965, it was 70%. In the 1950s, it was over 90%.
NOT taxing the rich is whatβs new.
@WorkingFamilies
Thank Saint Ronnie of Raygun:"In 1980 Ronald Reagan was elected and promised to cut the top marginal tax rate. This he did, and the top marginal tax rate was lowered over his 8 years in office from 73% to 28%"
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