On: The Only Thing, Historically, That's Curbed Inequality: Catastrophe

[yuhong]

In this case, the US decline probably started in the 1970s when they left the gold standard.

[b_emery → yuhong]

Or maybe halving the capital gains tax had something to do with it:

https://upload.wikimedia.org/wikipedia/commons/3/3a/Federal_...

[runeks → yuhong]

Something certainly happened around 1970-ish: https://www.mises.ca/wp-content/uploads/2013/12/graph-1.png

Looks like 1st percentile wage growth stagnated right around 1970, but 99th percentile wage growth didn't start accelerating until around 1980 - right around when bond prices started rising again, after falling through the 70s. And they've been rising ever since.

[dTal → runeks]

You bet your ass something happened. I'd love to know what. https://upload.wikimedia.org/wikipedia/commons/4/48/U.S._inc...

[dflock → dTal]

Nixon started the war on drugs in 1971 - that's what you're looking at there.

[diogenescynic → dTal]

Nixon and then Reagan's policies.

[runeks → diogenescynic]

Which policies, exactly, caused the discrepancy we see in pre-tax income growth?

Or are only only referring to incarceration rates?

[aburan28 → yuhong]

The free movement of capital across national borders is not helping