▲ 1034 ▼ Calls to tax the superrich grow as economic inequality surges (www.aljazeera.com) submitted 2 years ago by alphacyberranger@sh.itjust.works to c/world@lemmy.world 97 comments fedilink hide all child comments
[–] Armen12@lemm.ee -2 points 2 years ago (1 child) It only worked for white people, not people of color permalink fedilink source parent hideshow 2 child comments replies: [–] Rivalarrival@lemmy.today 3 points 2 years ago People of color were certainly repressed during this time frame, but not because of punitive tax rates on the highest incomes. I can't think of any mechanism wherein people of color in the 1940s through the mid 1960s would have been better off if rich people were taxed lower. So, I would have to disagree with your assessment: The confiscatory top-tier tax rate did, indeed, benefit people of color, just not nearly enough to offset the harms of legislated segregation and institutional racism. permalink fedilink source parent
[–] Rivalarrival@lemmy.today 3 points 2 years ago People of color were certainly repressed during this time frame, but not because of punitive tax rates on the highest incomes. I can't think of any mechanism wherein people of color in the 1940s through the mid 1960s would have been better off if rich people were taxed lower. So, I would have to disagree with your assessment: The confiscatory top-tier tax rate did, indeed, benefit people of color, just not nearly enough to offset the harms of legislated segregation and institutional racism. permalink fedilink source parent