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by peterfirefly 498 days ago
The problem was low average productivity naturally leading to low average consumption. The problem was not low taxation.
1 comments

Many of our modern conveniences and improvements are the direct result of public investments made possible through taxation. Without this funding, the level of development and quality of life we enjoy today might not have been achievable.

If you prefer living in 1913, you're a hopeless romantic.

And most are not. I repeat that the problem back then was a low average productivity and not insufficient taxation.