@[email protected] to [email protected]English • 4 months agoTech Titans Are the Robber Barons of Our Gilded Agejacobin.comexternal-linkmessage-square25fedilinkarrow-up1495arrow-down115cross-posted to: [email protected][email protected]
arrow-up1480arrow-down1external-linkTech Titans Are the Robber Barons of Our Gilded Agejacobin.com@[email protected] to [email protected]English • 4 months agomessage-square25fedilinkcross-posted to: [email protected][email protected]
minus-square@[email protected]linkfedilinkEnglish0•4 months agoI think you are wrong but I’d like to see this tried, if not too catastrophic.
minus-square@[email protected]linkfedilinkEnglish3•4 months agoWell the highest marginal rate ever was about 90% in the 50s and there wasn’t significant capital flight at that time
minus-square@[email protected]linkfedilinkEnglish1•4 months agoThere wasn’t significant movable capital either at that time.
minus-square@[email protected]linkfedilinkEnglish1•4 months agoin the 50s‽ Yeah sure whatever ya say.
minus-square@[email protected]linkfedilinkEnglish1•4 months agoYes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn’t exist back then.
minus-square@[email protected]linkfedilinkEnglish1•4 months agoYeah, instead there was a bunch of fruit companies, IBM, and GM. The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.
I think you are wrong but I’d like to see this tried, if not too catastrophic.
Well the highest marginal rate ever was about 90% in the 50s and there wasn’t significant capital flight at that time
There wasn’t significant movable capital either at that time.
in the 50s‽ Yeah sure whatever ya say.
Yes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn’t exist back then.
Yeah, instead there was a bunch of fruit companies, IBM, and GM.
The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.