100 yrs later, re-tax the 1%

When the income tax was introduced to the United States in 1913 by Woodrow Wilson, only 1% of Americans had to pay the income tax. Only the wealthy Americans had to pay, and the wealthy Americans were the property owners whose income consisted almost entirely of interest, dividends and land rent. And so, in effect, America was taxing the unproductive rentiers, the people, the classes that ruled Europe and avoided taxation in Europe, and its subsidized industry. And that’s why America was able to subsidize its industry to overtake that of England.