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>> If it is income, wealth tax, capital or some new form, the outcome has been clear. In 1980 the US Govt collected $517 billion in taxes ($1.68 trillion in 20
by antr 5y ago
>> If it is income, wealth tax, capital or some new form, the outcome has been clear.
In 1980 the US Govt collected $517 billion in taxes ($1.68 trillion in 2020 terms). In 2020 this number was $3.71 trillion. So then, the US Govt is collecting over 2.2x in taxes and inequality keeps getting worst.
How can it be that with more tax revenues, people are worst off?