Capitalists hate two things: paying workers a living wage and paying taxes.
In response that hatred of taxes, the conservative movement has helped capitalists enjoy a top tax rate that is more than 50 percent lower than it was in 1950.
In 1950, the top tax rate was 91 percent. Now it’s 39.6 percent. Yes, the other tax brackets were lowered as well, but no one group benefited nearly as much as the wealthiest among us. A total 51.4 percent points was wiped off that top tax bracket. That’s a lot of money not going to education, roads, bridges, rail, scientific research and taking care of those who can’t care for themselves.
I wonder why income inequality is at an all-time high. Hmmm, I wonder why.