The Post-War Consensus – How The ‘Golden Age’ of Capitalism Was Funded by Taxing the Hell Out of the Rich

The Golden Age of Capitalism had more wealth tax than any other period.

There was a time when the top income tax rate in the United States was over 90%. The rich paid it. The country thrived. And no, the market didn’t collapse. In fact, it flourished.

That time was the postwar era, and it remains one of the most economically successful periods in American history.

The postwar consensus

From the late 1940s through the early 197…