Comment by TimorousBestie
Comment by TimorousBestie 11 days ago
Yeah, I mean, I think we agree on most points.
I think there’s too many confounding economic factors to look at GINI alone and conclude the 1980 turning point was caused by nerfing the top income tax bracket. But a compelling argument could probably be made with more supporting data, which of course this margin is too narrow to contain and etc.
Which factors confound? Oil price shock hostage situation and recession and then wars by oil people who did not pay their bill by cutting taxes and increasing expenses to meddle without just returns.