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Examples of the Effects of Distorted Social Policy during the California Wildfires

Rich People Pay for Private Firefighters While the Rest of Us Burn

Welcome to the 1% society, where the 1% take care of themselves. Back in the 1950s the 1% paid taxes  at 90% rate at the top income brackets, and the money took care of everyone. That may have been a bit high (the US was still paying off WWII). In the 1960s the top rate was lowered to 70%. Today it is 37%, the with loopholes out of control. The effective rate on the ultra rich is under 15% How much under? Well, we don’t really know because the government won’t even pay to study the issue.

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