https://x.com/mcsquared34/status/1896369014575697938
COMMUNITY NOTED
capitalist xisters help is this true
Community Note by @Raditz
Did you know that the MALE seahorse gives birth to the offspring?
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It's a false premise first of all.
73% of the 1954 budget was for national security,
Compare that to 2024 when it was only ~19.5%, so the idea of higher taxes directly translating to high qol is revisionist garbage.
If you're interested, this https://www.concordcoalition.org/issue-brief/historical-tax-rates-the-rhetoric-and-reality-of-taxing-the-rich/
Provides some good explanations of why increasing tax rates at the highest bracket doesn't really work. Check the graphs
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