In the 1950s, western society has its strongest economic growth across all classes.
The strength of the Union is largely unequaled, Veterans are compensated for their sacrifices and progressively offered means through which to re-enter and prosper in society. A high-tax rate insured the prosperity of nations as a whole vs. enriching individuals. In Canada, the top marginal tax rate for income over 400 000 dropped from 80 percent in 1971 to 46 percent in 1994. Taxes on corporate income dropped from 3.9 percent to 1.8 percent as a percentage of GDP.
As the dominant voting demographic in North America, it becomes increasingly difficult to develop an alternate narrative for the Boomer generation.
Reagan. Mulroney. Thatcher. That is the legacy.
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