> To everybody who thinks this is just correlation and not causation - read the post properly.
A quick glance at the chart and one could also show a link between federal income tax rates and executive compensation.
If you are taxed 73% you simply don’t have any incentive to “increase inequality” — you pay someone to show your income as a lot less than it really is. The real irony is the Reagan tax cuts resulted in more revenue because it just wasn’t worth the trouble to dodge paying taxes anymore.
Correlation, causation, lies, statistics, who knows?
A quick glance at the chart and one could also show a link between federal income tax rates and executive compensation.
If you are taxed 73% you simply don’t have any incentive to “increase inequality” — you pay someone to show your income as a lot less than it really is. The real irony is the Reagan tax cuts resulted in more revenue because it just wasn’t worth the trouble to dodge paying taxes anymore.
Correlation, causation, lies, statistics, who knows?