Remember when the U.S. tax code wasn’t a hedge fund cosplayer in a suit?
Back in the early ’60s — Kennedy hair, Cold War vibes — the top tax bracket was 92%, carried interest wasn’t a thing, and billionaires were basically a mythological species.
Scott tries to explain this to his kid, who reasonably asks:
“Is a billion… a lot?”
Yes. It is. Historically and cosmically.
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