This is the federal income tax play all over again.
It started in 1913 as a “class tax” on the rich, hitting less than 1% of the population with a 1% rate above $3,000.
It expanded during WWII into a mass tax on most workers through withholding, skyrocketing rates, base
https://bird.makeup/users/chamath/statuses/2048135686541492599
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