Capitalism with the unionization rate of that time would be much better than what we have today.
True. And the taxes: Eisenhower individual income above $200,000 was taxed at 90%, above $300,000 at 91%, and above $400,000 at 92%. That’d trim Musk Bezos etc. down to size, fund education, fund social security etc.
Corporate taxes topped out at 52% - the tax rate was 30% for the first $25,000 in profits that a company made, and 52% for anything over that amount.
Even with inflation taken into account - $300,000 in 1950 = $3,772,843.22 in 2023… entire generations have been robbed by the right wing.
True. And the taxes: Eisenhower individual income above $200,000 was taxed at 90%, above $300,000 at 91%, and above $400,000 at 92%. That’d trim Musk Bezos etc. down to size, fund education, fund social security etc.
Corporate taxes topped out at 52% - the tax rate was 30% for the first $25,000 in profits that a company made, and 52% for anything over that amount.
Even with inflation taken into account - $300,000 in 1950 = $3,772,843.22 in 2023… entire generations have been robbed by the right wing.