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Such a complicated subject area and maybe too much simplification to make any point

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JDK

In Reply to: RE: Now let us look at the real cost of living in the 1950s vs now posted by tweaker456 on June 07, 2021 at 12:20:13

50's America was working its way out of the Great Depression and WW2.
Like Australia, there was a general frugality, carried over from the pre-war depression and WW2 rationing.
There was a huge reluctance to go into debt - except for housing and maybe cars.
No credit cards.
So while living was quite frugal by todays standards, household debt was next to zero - which is definitely not our standard today.
OTOH, poverty in America was well over 25% in the 50's. Lowered rapidly in the 60's and 70's, but had been on an upward creep since - except for the over 65's who have set themselves up nicely in the zero debt generation ..........
But working out if corporate taxation rates made any of this happen is rather simplistic.
The rise and rise of materialism/consumerism and the idea that workers get chained to the debt machine are, I would think, more pertinent.

Keep Your Hands Clean,
John K

Edits: 06/07/21 06/07/21

Follow Ups:

RE: Such a complicated subject area and maybe too much simplification to make any point - pictureguy 19:15:26 06/07/21 (3)
I beleive it may make more sense IF governement spending were factored in.....this fuels inflation as well as decreases the wealth available to those taxed. Less wealth and continued rate of expectation fuels debt. Not to mention certain 'adjustmemts' made, like education (cost rises faster than inflation) as well as medical. Those pirates at the Housing administration? equally guilty.

Today? Gov spends well north of 30,000$ per capita annually. And this is going to go UP substantially due to recent debt increases in the Trillions.....

In 1960? 815$ per capita......That is worth about 7200$ in '2021 dollars'.......So Per capita expenditures have increased OVER 4x in the last 60 years.....

I'll leave it to you to do the math.......
Too much is never enough
- https://www.usgovernmentspending.com/US_per_capita_spending. (Open in New Window)
- RE: Such a complicated subject area and maybe too much simplification to make any point - Rod M 20:13:22 06/07/21 (1)
  Spending is out of control. Even with the last tax cuts, revenue stayed up a bit and then has increased. The problem is that government spending increased hugely more than the increased revenue.
  
  Every line item gets yearly increases far more than inflation and none of the line items ever get cut. It's a bureaucracy that once created, never dies.
  
  -Rod
  - RE: Such a complicated subject area and maybe too much simplification to make any point - pictureguy 21:48:27 06/07/21 (0)
    Certainly, nobody with even an Average Number of Active Brain Cells would disagree.
    
    Now, of course the problem is what to do?
    
    I read an article from the St. Louis Federal Reserve (district) many years ago about government spending.
    Either? People 'pull up' and request / require MORE spending
    OR
    Government pushes DOWN due to more money than they need and trying to figure out what to do with it all.
    
    Too much is never enough
- That trend is certainly noticed... - E-Stat 19:20:27 06/07/21 (0)

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