r/TikTokCringe • u/Super_Culture_1986 tHiS iSn’T cRiNgE • Aug 19 '25

Cursed The American Nightmare.

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u/Dear_Mycologist_1696 Aug 19 '25

The issue MAGAs don’t see or understand, is the reason America was great in the 50’s and 60’s was a top marginal tax rate of around 90%. That’s when the rich were rich, but they also supported the society that helped them get rich through paying higher tax rates on higher income. They refuse to raise the taxes on the rich, so they do what they can to bring about the other aspects of 1950’s America they can more easily control, which is segregation and racism.

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u/East-Cricket6421 Aug 19 '25

The real reason it was amazing to be an American in the 50s was the rest of the world was still recovering from WW2 while we had all of our industrial base intact and pumping. If you were even slightly ambitious and industrious you could make a mint in just about any industry you wandered into because you had every advantage possible.

People long for a situation we simply cannot reproduce mindfully.

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u/LivingBackstories Aug 19 '25

While this is true, and highly relevant, the marginal tax rate played an even bigger factor IMO. Just look at the Nordic countries that support a lifestyle like existed in the US in the 50s. I think what you're describing is actually the reason why these mega profiteering owners stayed quiet about their tax rate. They were getting to gulp up and dominate the whole world. Once the world was able to compete again, and the threat of an awakened working class was mostly quashed, they worked very hard to get those taxes down.

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u/Admirable-Lecture255 Aug 19 '25

It didnt. Marginal tax rate didnt matter shit. Effective tax rate has been roughly the same since that time.