Elliott Bignell
Sep 23, 2024

I suspect that if you got a hammer and some nails and actually managed to fix them to a particular period, it would be immediately post-WW2 up to perhaps Reagan's junta. The thing to do then would be to ask them to identify this period on a graph of top-level tax rates over time. You'd probably find they prefer a period when unions had commanding strength and top-level taxes were in the high 90s of percent. The decline of the American middle-classes was initiated by Reagan.

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Elliott Bignell
Elliott Bignell

Written by Elliott Bignell

Software engineer, photographer, cook, bedroom guitarist and karateka

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