Eliminating means tested welfare and returning the tax levels on the wealthy to where they were between 1945 and 1979 when the USA had the largest middle class in history.
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Eliminating means tested welfare and returning the tax levels on the wealthy to where they were between 1945 and 1979 when the USA had the largest middle class in history.
that time has long gone away... there is NO way back, unless one is a mormon or an amish
The tax rates you refer to were never actually paid, because the code had so many loopholes and exemptions and deductions nobody actually paid 91% taxes, or later 70% taxes. It just didn't happen. The period of time we had the largest middle class in the world was the result of a lot of things. The industrial revolution, the rarity of free markets in the world, domestic manufacturing, etc. Increasing tax rates doesn't magically bring back the glory days of times gone by.