The New Deal understood a hard truth modern oligarchs fear: extreme wealth corrodes democracy. FDR’s 70%+ rates didn’t kill growth—they caged political capture. History shows inequality shrinks when power is taxed, not worshiped. #TaxTheOligarchy #DemocracyOverWealth @mrsquirrel.bsky.social
The New Deal understood a hard truth modern oligarchs fear: extreme wealth corrodes democracy. FDR’s 70%+ rates didn’t kill growth—they caged political capture. History shows inequality shrinks when power is taxed, not worshiped. #TaxTheOligarchy #DemocracyOverWealth @mrsquirrel.bsky.social