We’re obsessed with the idea that poor people might take more than they need, but we never question why the super rich are never satisfied with what they already have.
Profits are at record highs. The labor share is at a record low. Don’t let anyone tell you we have exited the neoliberal era. And no, this is not democratically sustainable.
Back then…
The average personal tax rate was 5.5%
The average corporate tax rate was 42%
And the tax rate for the ultra wealthy was 91%.
That’s what they stole from us.