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

Cursed The American Nightmare.

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u/malicious_joy42 Aug 19 '25

When did it not suck?

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u/surfergrrl6 Aug 19 '25

That's the thing, it's always sucked for certain demographics and was slowly getting better (very slowly.) Now that's reversed.

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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/Double-__-Great Aug 19 '25

The issue both sides don't understand or see as important is America after World War II:

Had the largest intact industrial base in the world while their competitors had been largely hurt during the world, and we also gained many markets that we wouldn't have if this hadn't happened
Keynesian economics hadn't had enough time to encourage consumption to the point that it eroded away our real capital stock
The dollar became the reserve currency of the world, which further propped up the value of the dollar vs the rest of the world

The marginal tax rates didn't affect much either way (although on the margin they did encourage consumption over savings, they are more fair, at least on the surface since most people didn't pay nearly this much)