> Our top tax rate was 91%. Corporate taxes were over 50%. And yes, gasoline taxes and capital gains taxes were around then, too. The federal minimum wage, adju

> Our top tax rate was 91%. Corporate taxes were over 50%. And yes, gasoline taxes and capital gains taxes were around then, too. The federal minimum wage, adjusted for inflation, was about 50% higher in 1960 than it is today. Make no doubt about it, the economy that preceded/persisted in the middle-class boom was a tax-and-spend economy. Ehhhh. My understanding is that tax revenue as a percentage of GDP has been relatively flat. https://en.m.wikipedia.org/wiki/Hauser%27s_law https://en.m.wikipedia.org/wiki/Hauser%27s_law