The Perfect Take: Monica Martin & Scary Pockets, "Thoughtless"

Shiplord Kirel, Friend of Moose and Squirrel2/07/2019 1:01:30 pm PST

Low marginal tax rates have led to a kind of fungal infection among the wealthiest Americans, the phenomenon of stupid billionaires, to say nothing of the lower level hinterland fatcats who make up the heart and soul of the Republican Party. 60 years ago, the wealthiest Americans had all kinds of personal and social shortcomings but they were neither short-sighted nor stupid, President Eisenhower’s characterization of the Hunt clan notwithstanding. With tax rates up to 92%, you couldn’t hang onto a big pile if you weren’t pretty sharp. It was a ruthless form of evolution, and it was done by design.