Molly Mitchell Moore

So after the war, the tax system itself more or less stays in place. There are reductions in the rates right throughout, both at the top and at the bottom. But the basic shape remains the same. It's then codified in 1954. And that World War II tax system is basically the basis of the tax system that we're still using today.

So after the war, the tax system itself more or less stays in place. There are reductions in the rates right throughout, both at the top and at the bottom. But the basic shape remains the same. It's then codified in 1954. And that World War II tax system is basically the basis of the tax system that we're still using today.

And that is correlated with probably not the cause of the kind of financialization of the U.S. economy that begins in the 1980s and then accelerates through the 90s and into the 21st century. And a tax code that is designed to tax regular income is not as well equipped to tax these new forms of wealth.

And that is correlated with probably not the cause of the kind of financialization of the U.S. economy that begins in the 1980s and then accelerates through the 90s and into the 21st century. And a tax code that is designed to tax regular income is not as well equipped to tax these new forms of wealth.

And that is correlated with probably not the cause of the kind of financialization of the U.S. economy that begins in the 1980s and then accelerates through the 90s and into the 21st century. And a tax code that is designed to tax regular income is not as well equipped to tax these new forms of wealth.

Basically, people are and the wealthy are making money not by making things, but by making sort of paper investments, right? I see. So most of the money, right, is not in building new factories, is not in coming up necessarily even with new technologies, but in the financial markets, in buying and selling bits and pieces of other companies.

Basically, people are and the wealthy are making money not by making things, but by making sort of paper investments, right? I see. So most of the money, right, is not in building new factories, is not in coming up necessarily even with new technologies, but in the financial markets, in buying and selling bits and pieces of other companies.

Basically, people are and the wealthy are making money not by making things, but by making sort of paper investments, right? I see. So most of the money, right, is not in building new factories, is not in coming up necessarily even with new technologies, but in the financial markets, in buying and selling bits and pieces of other companies.