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>We saw this tried many times in the 20th century and there's not one success story to come out of it. Mid-20th-century America seemed pretty damned successful
by eli_gottlieb 10y ago
>We saw this tried many times in the 20th century and there's not one success story to come out of it.
Mid-20th-century America seemed pretty damned successful, and it involved very high income taxes at the top, confiscatory inheritance taxes, and strong antitrust laws.
- twoodfin 10y agoAlso systemic racism of a kind nearly unimaginable today, cultural barriers to many jobs for half the population, and a world economy severely unbalanced in the US's favor by a World War. Nostalgia for the era of "Mad Men" seems bizarre to me.
- eli_gottlieb 10y agoI'm not nostalgic. I think that the egalitarianism and shared prosperity of that era came from certain structural features it had, which can be replicated today, rather than from peculiar, one-time historical circumstances.