Sure, 92% on $1.7m/yr it's not quite 99% on $500k/yr, as in your example, but it's not too far off, and it is interesting to examine how people on different sides of the political spectrum reacted to it. I don't know if any of the "progressives" (meaning leftists?) demanded lower taxes back then.
By the way: a nice graph and an amusing fact:
The Wealth Tax Act of 1935, applied the top rate to income over $5 million and had only a single taxpayer: John D. Rockefeller, Jr.
People want to tell everything instead of telling the best 15 words. They want to learn everything instead of the best 15 words. In this thread, instead post the best 15-words from a book you've read recently (or anything else). It has to stand on its own. It's not a summary, the whole value needs to be contained in those words.
I'll start in the comments below.
(Voted by the Schelling study group as the best exercise of the meeting.)