4 ms·

Assuming you're serious, as a European, I applaud your willingness to hurt yourself so we can have transistors and also have 40 days off each year.

TheOtherHobbes 2mo ago
US inventiveness peaked in the 50s and 60s, when corporate taxes were much higher, education, housing and healthcare were far cheaper, wealth was more evenly distributed, and government investment in infrastructure and R&D was more about delivery than corporate/academic grift. Perhaps there's a reason it has declined since.
- pudgywalsh 2mo ago
  > healthcare were far cheaper In the 60s people would often die from ailments that are now solved with routine outpatient procedures. Cars were cheaper too but it turns out all that emissions and safety equipment costs money.
- philjohn 2mo ago
  Also post war Europe had to rebuild, the US didn't - and lots of scientists headed west.
- vladgur 2mo ago
  100% disagree. SmartPhones, Cloud, AI. Just three things that happened in the past 20 years and were brought to the world by US companies.
  - strictnein 2mo ago
    Another example: the first commercial cell phone network was in Chicago in 1983, brought to us by AT&T and Motorola. What could be more impactful to modern existence than that?
  - wao0uuno 2mo ago
    World would be a better place without those inventions.
- strictnein 2mo ago
  > US inventiveness peaked in the 50s and 60s How does one even measure that? And who would even try and claim that? > when corporate taxes were much higher The corporate tax rates in the 70s and 80s were just as high as they were in the 50s and 60s [0]. And the capital gains taxes were actually lower during the 50s and 60s than they were in the 70s and 80s. Why did inventiveness stop if the higher tax rates were helpful? 1952-1963 Over $25,000 52% 1975-1978 Over $50,000 48% ($50k in 1978 is ~$21k in 1952) So the tax rate was ever so slightly lower, but kicked in sooner, once you compare apples to apples. But surely Reagan did some bad things, right? The maximum tax rate on capital gains was capped at 34 percent for 1987 From April 1, 1954, through Calendar Year 1969, the maximum tax rate on capital gains was 25 percent. > government investment in infrastructure and R&D was more about delivery than corporate/academic grift Grift in the 50s and 60s was pervasive and everywhere. Eisenhower was warning about the Military Industrial Complex in 1961. [0] https://taxfoundation.org/data/all/federal/historical-corporate-tax-rates-brackets/ https://taxfoundation.org/data/all/federal/historical-corpor...
- SubmarineClub 2mo ago
  > wealth was more evenly distributed, Maybe…of course, those were also decades where companies would comp executives with cars, apartments, vacation homes, &c. Plus other perks like expensing ‘business meetings’ at strip clubs.

TheOtherHobbes 2mo ago

US inventiveness peaked in the 50s and 60s, when corporate taxes were much higher, education, housing and healthcare were far cheaper, wealth was more evenly distributed, and government investment in infrastructure and R&D was more about delivery than corporate/academic grift. Perhaps there's a reason it has declined since.

pudgywalsh 2mo ago
> healthcare were far cheaper In the 60s people would often die from ailments that are now solved with routine outpatient procedures. Cars were cheaper too but it turns out all that emissions and safety equipment costs money.
philjohn 2mo ago
Also post war Europe had to rebuild, the US didn't - and lots of scientists headed west.
vladgur 2mo ago
100% disagree. SmartPhones, Cloud, AI. Just three things that happened in the past 20 years and were brought to the world by US companies.
- strictnein 2mo ago
  Another example: the first commercial cell phone network was in Chicago in 1983, brought to us by AT&T and Motorola. What could be more impactful to modern existence than that?
- wao0uuno 2mo ago
  World would be a better place without those inventions.
strictnein 2mo ago
> US inventiveness peaked in the 50s and 60s How does one even measure that? And who would even try and claim that? > when corporate taxes were much higher The corporate tax rates in the 70s and 80s were just as high as they were in the 50s and 60s [0]. And the capital gains taxes were actually lower during the 50s and 60s than they were in the 70s and 80s. Why did inventiveness stop if the higher tax rates were helpful? 1952-1963 Over $25,000 52% 1975-1978 Over $50,000 48% ($50k in 1978 is ~$21k in 1952) So the tax rate was ever so slightly lower, but kicked in sooner, once you compare apples to apples. But surely Reagan did some bad things, right? The maximum tax rate on capital gains was capped at 34 percent for 1987 From April 1, 1954, through Calendar Year 1969, the maximum tax rate on capital gains was 25 percent. > government investment in infrastructure and R&D was more about delivery than corporate/academic grift Grift in the 50s and 60s was pervasive and everywhere. Eisenhower was warning about the Military Industrial Complex in 1961. [0] https://taxfoundation.org/data/all/federal/historical-corporate-tax-rates-brackets/ https://taxfoundation.org/data/all/federal/historical-corpor...
SubmarineClub 2mo ago
> wealth was more evenly distributed, Maybe…of course, those were also decades where companies would comp executives with cars, apartments, vacation homes, &c. Plus other perks like expensing ‘business meetings’ at strip clubs.