Doing what works – can Americans learn from history and reality?

3 comments

1. And what started to happen in the 1970s and 1980s? Foreign competition began degrading the advantage enjoyed by domestic manufacturing. This is also ignoring the inflation crisis of the 70s.

   Granted, little of this has to do with taxation. It just seem like a glossy overview of American economic history.

2. 1. Very few people paid those rates.

   2. A country can’t tax itself into prosperity.

3. I’m on board with proportional taxing of personal wealth vs burdening businesses. But this post is a little misleading. Due to effects of WWII, in 1940 and shortly after, ZERO left the USA because there were no other options for businesses. The US boom was pure happenstance.

   It’s foolish to assume that we can re-create anything that occurred in the 20th century. Remember when company HQs left the US for Ireland during the Obama admin in large numbers due to tax burdens? I believe “corporate inversion” was the term. Obama the whiner even criticized these companies for “magically becoming Irish” LOL. Businesses will always find a way to avoid the burdens placed on them by government. So we need to tread carefully when we discuss taxing business, because they ALWAYS pass those burdens to consumers, which is, in part, a contributor to the current inflation we’re experiencing.