2min chapter

Planet Money cover image

Carried interest wormhole

Planet Money

CHAPTER

Tax Avoidance in the 1950s

When did tax avoidance become respectable? The year is 19 fifties. You have the brai of a low grade moron. Politicians were scared to cut them because it would look like a break for the rich. So eisenhauer didn't want, wo nobodhy wanted to lower the top rate but they all recognized that the top rate was outrageous.

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