Certainly. Most of the 20th century, the top tier tax rate was set at a level that can only be described as "punitive". It was higher than 90% to kill off the robber barons.
While I am not morally opposed to beheading rich people, we really need to go back to the tax rates we had in the 50's. And add a securities tax, payable in shares of that security, that the IRS can liquidate slowly over time.
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Has that been tried since 1790 when the french decided to behead all the rich people?
most effective tax reform
Yeah they only wanted the top 10% of the top 10%
Certainly. Most of the 20th century, the top tier tax rate was set at a level that can only be described as "punitive". It was higher than 90% to kill off the robber barons.
While I am not morally opposed to beheading rich people, we really need to go back to the tax rates we had in the 50's. And add a securities tax, payable in shares of that security, that the IRS can liquidate slowly over time.