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I'd say that the outcome of WWII which saw the US emerge as the prime world power, the availability of cheap and plentiful oil, the economic potential of a most

I'd say that the outcome of WWII which saw the US emerge as the prime world power, the availability of cheap and plentiful oil, the economic potential of a mostly unscathed country helping to rebuild a world ravaged by war and the spin-off effect from the cold war (which boosted technical development at a war-time speed in a peace-time economy) had more to do with the realisation of the American Dream than the high levels of taxation.

zorga 8y ago
It took both, the above is why there were jobs; the taxation is why those jobs paid well rather than all that money going to just those at the top as it does today. High marginal taxes are a huge incentive to pay your workers better rather than just your executives.