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/biz/ - Business & Finance

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21498830 No.21498830 [Reply] [Original]

What happened between 1950 and 1980?

>> No.21498864

explosion of middle class + high top marginal rates + BASED bretton woods

>> No.21498889

>>21498830
boomers

>> No.21498904
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21498904

something that should've never changed.

>> No.21498920

>>21498830
Severe economic downturn by the 70's with huge simultaneous inflation and stagnant economic growth

>> No.21498922

>>21498830
Highest taxation rate in the United States

Corporations realized there was no point in raising salaries/bonus so there was a greater redistribution of wealth

>> No.21498967

>>21498922
Fuckkkkk so the commies were right all along?

>> No.21499071

>>21498967
In the US you guys have a wrong idea of liberalism and socialism.
In truth the push for Reaganomics and lower taxes for the wealthy under the so called "trickle down" economics is much more a lobbying effort than anything else.
Progressive taxation is one of the best American inventions it's a shame you guys left it

>> No.21499223

>>21498830
Don't ask what happened in the 50s, that's the wrong question. Ask what happened immediately before it: WW1, followed by the Great Depression, followed by WW2.

Basically, wealth destruction on a massive scale. After the cataclysmic changes of the first half of the century, the top of the bracket was laid low, so comparatively everyone else looked much better off. With so much less capital, the comparative value of labor was much higher, which is why even high school dropout manual laborers were being paid a middle class salary.

It was never going to last, and it's a good thing that it didn't. It's just sour grapes and unironic Marxism to believe otherwise.

>> No.21499267

High corp tax that corporations actually paid

>> No.21499462
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21499462

>>21498830
https://wtfhappenedin1971.com/

https://en.wikipedia.org/wiki/Bretton_Woods_system

https://en.wikipedia.org/wiki/Nixon_shock

>> No.21499717

>>21499223
not accurate