Ryan's Wisdumb
@ryanswisdumb.bsky.social
I'm trying to make sense of all of the dumbness I witness out there. When that fails, at least I can laugh at it. For some laughs and maybe some learning, head over to https://ryanswisdumb.blogspot.com/
Here is a chart showing the percentage of wealth owned by the top 1% and 0.1% along with a table showing the highest marginal tax rate by year. The correlation is extremely high. The Reagan tax cuts of the 1980s started the transfer of wealth back to the rich.
February 23, 2025 at 2:53 PM
Here is a chart showing the percentage of wealth owned by the top 1% and 0.1% along with a table showing the highest marginal tax rate by year. The correlation is extremely high. The Reagan tax cuts of the 1980s started the transfer of wealth back to the rich.