(November 6, 2018 at 3:32 pm)Brian37 Wrote:(November 6, 2018 at 3:30 pm)Cato Wrote: You have no business accusing others of being ignorant of economic history.
You got me, the Bush crash never happened. The great depression never happened. The economic boom post WW2 based on high taxes on the uber rich never happened.
Thanks for the lecture.
They of course 'happened', but the reason you gave for their cause was incorrect.
The post WWII economic boom was similar to how Forrest Gump got rich, the U.S. was essentially the only economy left standing with a quick shift to non-military production. In 1950 the U.S. produced half of the world's manufactured goods. Where you could have made a point was that the top marginal tax rates in effect at the time redistributed some of the wealth generated, but was not the cause of the post war strong middle class. If you choose to explore further I strongly recommend that you look at effective tax rate and not the top marginal rate of 90% that people like to ignorantly throw around.
