@boem@lemmy.world to Technology@lemmy.worldEnglish • 4 months agoTech Titans Are the Robber Barons of Our Gilded Agejacobin.comexternal-linkmessage-square26fedilinkarrow-up1489arrow-down10cross-posted to: technology@lemmy.ml
arrow-up1489arrow-down1external-linkTech Titans Are the Robber Barons of Our Gilded Agejacobin.com@boem@lemmy.world to Technology@lemmy.worldEnglish • 4 months agomessage-square26fedilinkcross-posted to: technology@lemmy.ml
minus-square@PhlubbaDubba@lemm.eelinkfedilinkEnglish3•4 months agoWell the highest marginal rate ever was about 90% in the 50s and there wasn’t significant capital flight at that time
minus-square@rottingleaf@lemmy.ziplinkfedilinkEnglish1•4 months agoThere wasn’t significant movable capital either at that time.
minus-square@PhlubbaDubba@lemm.eelinkfedilinkEnglish1•4 months agoin the 50s‽ Yeah sure whatever ya say.
minus-square@rottingleaf@lemmy.ziplinkfedilinkEnglish1•4 months agoYes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn’t exist back then.
minus-square@PhlubbaDubba@lemm.eelinkfedilinkEnglish1•4 months 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.