Check your history…FDR died in 1945…we were in transition from wartime economy to peacetime economy…tax rate was set at 94%. The rate fluctuated around 91% (for those making >$400,00) until 1963. The rate then stayed at or above 70% through the 70’s. The 1950’s, ‘60s and ’70’s were a great era of American growth and middle—class prosperity. Then the New Economy (aka conservative Republicans) began unraveling the American dream for millions of average people. This was the beginning of the economics "of the 1%, by the 1%, for the 1%.
Apr 12, 2017