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Response to Blue_true (Reply #38)

Tue Sep 15, 2020, 07:07 PM

39. Exactly. It was also at the cost of stiffing small shareholders on what should have been dividends.

That 90% top marginal rate had done a lot of stifle naked greed in the executive suites. Back then the game was having the corporation buy the Lear jets, the vacation properties, hire the chefs for the executive dining facilities, and letting the greedheads have their perks that way. Lowering the marginal rate meant they could go for the money without shoving themselves into a confiiscatory tax bracket.

It started the ball rolling on the Gilded Age we have now.

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Sherman A1 Sep 14 OP
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Blue_true Sep 15 #38
LineLineLineLineLineReply Exactly. It was also at the cost of stiffing small shareholders on what should have been dividends.
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