What about taxes? The corporate tax rate was much higher during the 1950s and 1960s [0], which would seem to encourage companies to invest in research to grow

What about taxes? The corporate tax rate was much higher during the 1950s and 1960s [0], which would seem to encourage companies to invest in research to grow their business instead of giving the government the money. I don't have a strong opinion on this, but it seems like it could be a factor. [0] https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States#/media/File:U.S._Corporate_Profits_&_Tax_Rate.webp https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_St...