Ah, MAGA.
If you believe that America was last great when you didn’t have to share a counter or a bathroom or a water fountain with your fellow American, I hope you will keep reading, but please be forewarned. I don’t agree with you and that’s not what I’m talking about.
A persistent and unanswered question for those Trump enthusiasts whose primary excitement isn’t going back to segregation is this: when exactly was America last great?
The 1950’s look good. We’d won the second world war, you could have a middle class life in a one wage-earner household. All that disruptive civil rights/anti-war/counter-culture/feminist stuff hadn’t taken place yet.
Guess what the effective tax rate was for the wealthiest top 1% of Americans in 1953… 49%. As of 2015? 23% When you get into the super wealthy, you go down to 17%.
Effective corporate tax rate? 50%
The sky didn’t fall. The economy grew. Companies re-invested in America. Wages rose.
So yes. Let’s #maga. Let’s take the tax rates from 1950 and apply them across the board and make America great again.