If taxing billionaires "doesn't work". Why did it work for most of America's history?

If taxing billionaires "doesn't work". Why did it work for most of America's history?

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obama is a nigger, did you know that?

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94%, damn

Why was reagan so shit. illegal amnesty in california then dropping the tax rate.

I wonder what America was like with a 94% tax rate.

A better country.

That's because in the past there were deduction you could take, aka "tax loopholes" which actually meant the rich were paying less in taxes.

So the rate was higher, but with all the deductions, they actually ended up paying less.

Today, we have less deductions, and we are paying more than in the past, even thought the rate is lower.

Get it?

Bush with BASED 33

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It doesn't because it's socialism. It requires humans to be selfless entities that want to serve the common good all the time without benefiting from it in any way. Does that sound like human nature?