Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
They are probably referring to the regulations and tax code at that time. America had (at one point) a 93% effective tax rate on the richest people. That is now less than 20% (if I recall correctly). Regulations also were less in favor of corporations and more in favor of people. That has flipped.