alt Hacker News>this issue is rich tax used to be 70 percent.
This was basically never true because of all the exceptions and deductions you could do.
>now its optional. this isnt that hard
No, such arguments usually rely on redefining "income" to mean something else, eg. unrealized gains. Even the much maligned "borrow, lend, die" wheeze is less common than what people think.
https://www.sciencedirect.com/science/article/abs/pii/S00472...
referencing previous taxation on the rich in this country the past 100 years makes me think otherwise. so with even less tax, all those deductions and exceptions help even more. Keep pretending. The scale of the wealth disparity isnt really sensical and seems to be a global threat to stability. if you wanna stroke the status quo, go for it.