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The Vanishing Rungs: How U.S. Taxes Tilted, Why Inequality Grew, and What to Fix (1970s → 2025)

A good tax code is a ladder you can climb and a floor you can stand on. Since the 1970s, we've quietly shaved rungs off the ladder at the top—capital income taxed more gently, corporate rates falling—and replaced them with tacks on the floor. This essay maps that drift with numbers, not slogans,.