me_irl

The wealthiest person in America in the 1950s was JP Getty.

His worth was about $1 billion. Which would equate to $13.86 billion today.

1. There were way more deductions available. Basically, nobody ever paid any taxes at such a high rate.

Ok, maybe, I’d be interested in seeing a source on this, but what qualified them for those deductions? Dumping huge sums of money back into the country and the community? There was a time the wealthy built libraries and parks and voluntarily gave some back.

2. The primary reason for the post-war "golden age" that MAGA waxes nostalgia about is because almost the entire manufacturing sector of most European countries was wiped out. By comparison, the US was almost fully intact, and had a massive new base of workers trained in manufacturing. We went from a nation of farmers to a nation of city-dwelling industrialists almost overnight.

Not at all accurate. Yes, much manufacturing has left because it’s cheaper to off shore it to developing nations, but America isn’t less prosperous now. That prosperity has just been consolidated to the top 1% more and more.