• Buffalox@lemmy.world
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    3 days ago

    Why do you think in the 50s and onward Americans had a massive a massive golden age of prosperity

    Because the rich were taxed 90%, and women began to work during WW2 as part of the war effort, and kept doing it after.

    • NeuronautML@lemmy.ml
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      2 days ago

      Yet no developed country with high taxation on high income earners and women in the workforce has ever managed to even come close to the success the US had back then. Something you see, for instance, in several wealthy European countries. No, that’s not why. They had an entire continent of developed but destroyed countries paying off humongous loans under the Marshall’s plan and similar investments thereafter.