Sure, my answer was not complete. There were many factors for the prosperity of the 1950s. You could easily write books about that topic, and many did. I still see strong unions and more effective taxation as big factors.
Big, but not enough. If people really want the feeling of wealth from the 50s, another world war not involving the US needs to happen in addition to the labour protections, high tax rate on the wealthy, etc. That’s why it’s essentially impossible to get to there from here.
Having said that, it’s still possible to have a lot less wealth disparity.
Sure, my answer was not complete. There were many factors for the prosperity of the 1950s. You could easily write books about that topic, and many did. I still see strong unions and more effective taxation as big factors.
Big, but not enough. If people really want the feeling of wealth from the 50s, another world war not involving the US needs to happen in addition to the labour protections, high tax rate on the wealthy, etc. That’s why it’s essentially impossible to get to there from here.
Having said that, it’s still possible to have a lot less wealth disparity.