Fans of grand fortune want us to believe that the rich have never paid much more of their income in taxes than they do now. Our actual history says different.
Egalitarians in the mid-20th century set high tax rates on the high-income set. Egalitarians in our century have some new ideas on how to make those stiff rates stick.
Those rare moments when our political class suddenly starts viewing the nation’s richest through a skeptical lens can help trigger real social change.