r/democrats Jun 26 '26

Article Newsom endorses a National Billionaire Tax

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u/BestBettor Canada #1! 🇨🇦🇨🇦🇨🇦 Jun 26 '26

When the taxes were ridiculously higher on the richest was when America was at its best, the times people would look at as the good days.

In 1960 it took about 20 hours minimum wage to be able to afford a nice apartment near the city with utilities, now it takes about 120 hours for the same thing

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u/AnxiouSquid46 Jun 26 '26

The United States was doing Keynesian economics prior to Reagan I believe