• Armen12
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    1 year ago

    It only worked for white people, not people of color

    • Rivalarrival@lemmy.today
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      1 year ago

      People of color were certainly repressed during this time frame, but not because of punitive tax rates on the highest incomes.

      I can’t think of any mechanism wherein people of color in the 1940s through the mid 1960s would have been better off if rich people were taxed lower. So, I would have to disagree with your assessment: The confiscatory top-tier tax rate did, indeed, benefit people of color, just not nearly enough to offset the harms of legislated segregation and institutional racism.