boem@lemmy.world to Technology@lemmy.worldEnglish · 2 years agoTech Titans Are the Robber Barons of Our Gilded Agejacobin.comexternal-linkmessage-square26fedilinkarrow-up1442arrow-down115
arrow-up1427arrow-down1external-linkTech Titans Are the Robber Barons of Our Gilded Agejacobin.comboem@lemmy.world to Technology@lemmy.worldEnglish · 2 years agomessage-square26fedilink
minus-squareÐ Greıt Þu̇mpkin@lemm.eelinkfedilinkEnglisharrow-up3·2 years agoWell the highest marginal rate ever was about 90% in the 50s and there wasn’t significant capital flight at that time
minus-squarerottingleaf@lemmy.ziplinkfedilinkEnglisharrow-up1·2 years agoThere wasn’t significant movable capital either at that time.
minus-squareÐ Greıt Þu̇mpkin@lemm.eelinkfedilinkEnglisharrow-up1·2 years agoin the 50s‽ Yeah sure whatever ya say.
minus-squarerottingleaf@lemmy.ziplinkfedilinkEnglisharrow-up1·2 years agoYes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn’t exist back then.
minus-squareÐ Greıt Þu̇mpkin@lemm.eelinkfedilinkEnglisharrow-up1·2 years agoYeah, instead there was a bunch of fruit companies, IBM, and GM. The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.
Well the highest marginal rate ever was about 90% in the 50s and there wasn’t significant capital flight at that time
There wasn’t significant movable capital either at that time.
in the 50s‽ Yeah sure whatever ya say.
Yes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn’t exist back then.
Yeah, instead there was a bunch of fruit companies, IBM, and GM.
The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.