By Cutting Taxes on the Rich, We’ve Incentivized Greed — How Do We Return to Fairness?

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The Right wants to return to the “happier days” of the 1950s–but forgets that one of the main reasons for that era’s prosperity was very high taxes on the wealthy.

It is curious that the American Right, which waxes nostalgic for the happier days of the 1950s when the United States was supposedly more moral and more united, ignores one of the central reasons behind that middle-class era: very high taxes on the rich.

Granted, some on the Right may love the Fifties because it was a time of racial segregation and second-class status for women. But what arguably made the era work was the fact that the U.S. tax structure “disincentivized” greed by ensuring that excess wealth was mostly recycled back into the Treasury for use building the nation and supporting research and development.

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About Giorgio Bertini

Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
This entry was posted in Crisis, Greed, Taxes, Wealth and tagged , , , . Bookmark the permalink.

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