I calculated my mother's salary

Tax the rich 90%

932,000

We used to tax top brackets 90%

40's and 50's

Fine. But we are not billionaires.

You should give me your money

And that was the most prosperous time in our history

It was a utopia compared to now

Read Gospel of Wealth

Carnegie argued against wasteful use of capital in the form of extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of said capital over the course of one's lifetime toward the cause of reducing the stratification between the rich and poor.

The wealthy were actually cool back then

https://en.wikipedia.org/wiki/Revenue_Act_of_1932

they gave back

I prefer this

bolstered the economy

@CyBeast now they horde

We would pay a 56% rate

Top tax bracket pays 90%

the trouble started with A) Formation of the Federal Reserve B) The finance sector being more profitable than manufacturing and C) abolishment of the gold standard

It’s funny how these corporate tax loopholes can be so easily eliminated and closed by a simple executive order or legislation, yet they refuse to do so because they’re ruled by it.

1976 was the turning point

Gold Standard I'm not sold on

but you can say the issue goes back as far as the concept of the Corporation itself

It limits the Economy to the amount of gold

Silver Standard would be better than gold standard

labour notes?

@21ooAB The majority of those rich are not altruistic, and this shouldn't keep their status

If you follow Gospel of Wealth, then you may kepe your status

Gospel Of Wealth says the rich should use their wealth to benefit the poor and to fix wealth inequality

Written by Carnegie

the only aristocracy should be the builders and defenders of the nation and truth

the rich are encouraged to grow their money by abusing usury (tax loopholes, interest, playing the market, etc) instead of through industry and manufacturing like in the days of Carnegie

Although Carnegie and others did you a lot of questionable things

Blue Labour when?

Can't wait for Blue Labour

when the current leaders of labour are yeeted ig

They're growing

@Maksim I do. I plan to donate a large fraction of my wealth to charity, the church and to my companions who are in a tough spot