What Socialists think the 1950's were like
(media.kotakuinaction2.win)
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I’ve seen this argument of “the wealthy were taxed at 80%” that they push. Also I’d say in the 50s personal responsibility was higher. But so many people today think that taxing rich person will turn us into a utopia
These same people probably don't understand the (legal) differences between a private company and a corporation, or how differently tax laws apply. They just bunch any kind of success into the same damn echelon, and then assume the system is broken because of "capitalism".
Granted, I suppose sometimes Rinos have given a little too much credence to cutting corporate taxes while continuing to tax the hell out of private companies. At the very least they also try to advocate for cutting down on government spending, unlike leftists.
Corporate taxes are why dividends are dogshit; an investor can easily be triple-taxed on payout depending on how the company is structured. It's why nearly every company today does share buybacks and chase "number go up" at the expense of slow-but-steady profits.