Quote:
Originally Posted by nfotiu
The US has never had a wealth tax. We are talking specifically about the logistics of taxing wealth, not taxing the wealthy.
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The tax structure under Eisenhower was essentially a wealth tax. The rich paid up to 90% tax and did not have loop holes to protect investment returns and shelters. You can try and argue semantics but the tax code back then was setup to tax the wealth of people who had the money so those who did not had support to have a chance in the system.