> US had the longest period of high growth when taxation was "overwhelming" (post-war boom). One's economy tends to do well when one has intact factories & wor

> US had the longest period of high growth when taxation was "overwhelming" (post-war boom). One's economy tends to do well when one has intact factories & workforce while the rest of the civilised world has been levelled and much of its workforce slain. We'll never see something like the post-war boom again unless we see something as utterly, senselessly destructive as the war itself (note that the economy would ultimately have been better in the long term had there never been a war).