[BoiledCabbage]

> I currently believe that period of time (mid-20th century, esp. in the US) was a historical anomaly set up by a fairly unique set of circumstances

It was a period of high taxation on the highest incomes, large social welfare programs and by relative terms fairly low income inequality.

Finally productivity gains benefitted the labor class and not just the capital class.

That all halted in the 70s and 80s.

[e40]

This. And this high taxation and middle class prosperity was the fuel that drove those who paid higher taxes to give us all the system we see today. Trump is not the cause, he’s the result.

[HumblyTossed]

The Powell Memo was the start of the cause.

[e40]

Yeah, I have to agree. I heard about this on a podcast recently and it's crazy it's so little known.