Did you know from 1944 – 1963 in America the highest tax bracket was 91%?
In 1963 if you made OVER $200,000 (single) you were taxed at 91% for all income after $200,000 you take home. Meaning, for every $1 made over $200k you gave 0.91 cents to the Government. Adjusted for inflation $200k is roughly $1.9 million.
You know what the highest tax bracket is today? You might want to sit down for this…
37% on any income over $523,600.
So, if you're wondering why America can't afford to provide basic services and healthcare to their people you can blame the ever decreasing taxes the rich and mega rich pay (or don't pay).
If you own 99% of the wealth you have an obligation to pay for 99% of the services needed to support the people you're exploiting.