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A comment on Baby Boomers: We had it all, and still do. . Parent comment
That is because it is.
"compared to the 92% (!) marginal tax rate during Eisenhower's administration."
Compared with a 92% marginal tax rate everything seems low, but that was not a "tax", it was a commandeering in times of war.
I think that is the reason governments love wars so much, you can steal all the people's property and have people feeling thankful for not being dead.
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That is because it is.
"compared to the 92% (!) marginal tax rate during Eisenhower's administration."
Compared with a 92% marginal tax rate everything seems low, but that was not a "tax", it was a commandeering in times of war.
I think that is the reason governments love wars so much, you can steal all the people's property and have people feeling thankful for not being dead.