In your recent article (linked HERE) you seem to conflate two things that aren't necessarily connected. That is high tax rates and prosperity/individual income growth. The taxes weren't being redistributed in the 1950's ->70's. At least not in the manner we talk about today.
Here are things you fail to mention:
- US Economic Boom due to rebuilding Europe post WW2
- Dwight D. Eisenhower Interstate Project (new valuable infrastructure making commerce easier)
- We created NASA and went to the Moon and created many new technological innovations along the way.
- Computers went from industrial to home/business use
- US rebuilding Japan and much of south east Asia.
That is just a few matters. Primarily what you will notice is that we were producing tangible things and large volumes of durable goods and exporting them. Our trade deficit was a surplus...until 1975 which was the last time the USA had a trade surplus where exports were greater than imports.
Paul. You're far to glib and people who take you at your word are idiots.
It is a shame you won't read this.
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