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History Suggests Inequality Ends In Catastrophe - PopularResistance.Org There may never have been a group that had it so good as the Japanese plutocrats of the 1930s. In that era, the richest one percent of Japanese society captured twenty percent of national income — a third more than the top earners in America command today. Within a decade, however, most of that bounty had vanished. Their share of national income collapsed by more than two-thirds; the value of their estates fell by 98 percent. What happened? Total war, total defeat, and foreign occupation. Mass mobilization forced the state to intervene in industrial production, double income taxes, restrict dividends, and requisition merchant ships. https://popularresistance.org/history-suggests-inequality-ends-in-catastrophe/