People were saving, Taxes were high though, homes required only one person working to meet mortgage obligations. Lots of growth in the US etc..
8% gain in income in 1 year. (between 52-53)
Interestingly enough one person in the article made 49K but paid 21K in taxes.
Pretty high yet they were doing fine. So it seems higher taxes did not seem to have a negative impact.
Then somehow it began to go downhill. I suspect when we got into the Vietnam conflict it began our path towards destruction over a very long period.
http://books.google.com/books?id=i0...MBAJ&lr=&as_brr=0&rview=1#v=onepage&q=&f=true
8% gain in income in 1 year. (between 52-53)
Interestingly enough one person in the article made 49K but paid 21K in taxes.
Pretty high yet they were doing fine. So it seems higher taxes did not seem to have a negative impact.
Then somehow it began to go downhill. I suspect when we got into the Vietnam conflict it began our path towards destruction over a very long period.
http://books.google.com/books?id=i0...MBAJ&lr=&as_brr=0&rview=1#v=onepage&q=&f=true
