: "It's weird, because historically in the US, when there were more government regulations in place on the whole, the wealthy were also taxed at a higher rate, and when regs were dropped, so were those tax rates. That drop in the chart around '80 coincides with Regan and a lot of deregulation"

@bamo90.bsky.social

It's weird, because historically in the US, when there were more government regulations in place on the whole, the wealthy were also taxed at a higher rate, and when regs were dropped, so were those tax rates. That drop in the chart around '80 coincides with Regan and a lot of deregulation

May 04, 2024 at 01:46 UTC

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