We had a middle class when taxes on the wealthy were 50-90 percent. Unless we bring that back, the ‘economy’ is bullshit.
If you were white and male it was a good deal for one generation. That was an anomalous moment in world history that will never come again. The US was the only major power in the world that didn’t have its productive capacity blown to smithereens in WWII, unions were comparatively strong, and the USSR posed a serious ideological threat to capitalism which caused the bourgeoisie to give (temporary) concessions.
Yes. I’m not disagreeing with you; I’m just highlighting what a unique moment it was, because most people think that was “normal,” and that we can get back to it, but we never can.
I wouldn’t want to “go back” to it. But we do know that the 90% tax on the wealthy is a viable plan to fund the social services and needs of the people. And we also know that it needs to happen.
Edit: I hope it’s clear I was not advocating for something or anything like a return to 1950’s values lol
If you were white and male it was a good deal for one generation. That was an anomalous moment in world history that will never come again. The US was the only major power in the world that didn’t have its productive capacity blown to smithereens in WWII, unions were comparatively strong, and the USSR posed a serious ideological threat to capitalism which caused the bourgeoisie to give (temporary) concessions.
Yes, of course there was systemic racism and women couldn’t even have personal checking accounts without approval from a male….
I’m just saying that unless taxes go up to 90% on folks making over a couple million dollars a year then we’ll never get there again.
Yes. I’m not disagreeing with you; I’m just highlighting what a unique moment it was, because most people think that was “normal,” and that we can get back to it, but we never can.
I wouldn’t want to “go back” to it. But we do know that the 90% tax on the wealthy is a viable plan to fund the social services and needs of the people. And we also know that it needs to happen.
Edit: I hope it’s clear I was not advocating for something or anything like a return to 1950’s values lol