no, we're just headed toward equality
one big fucking ghetto
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The US at its pinnacle, 1953 Time magazine
- Thread starter KINGOFSHORTS
- Start date
no, we're just headed toward equality
one big fucking ghetto
Quote from KINGOFSHORTS:
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
all the ads look like the beginning titles of the tv show 'mad Men'
last page in particular, the coke nurse ad
Goto Zillow. I looked around Chicago and Seattle just for kicks. A ton of homes @ 1200-1400 sqft, 3 BR going for around 175-225k. A 30 year fixed mortgage can easily be paid off by a single worker living within their means, unless (obviously) they lose their job or become sick.Quote from aegis:
Unless you're in New York, Chicago, Los Angeles, San Francisco or Seattle.
The difference today people don't want to live like people lived in the 1950s. They don't want a tiny 1,200 sqft house in a working class neighborhood, they want a 4,000 sqft McMansion. Their kids don't want to sleep in the same bedroom. The kids all want their own bedrooms with XboX, plasma TVs and en-suite bathrooms. And that granite kitchen countertop for mom and swimming pool for dad. So suddenly the "average" house costs $700k and people wonder why things are so much less affordable than they were in the 50s.
Quote from KINGOFSHORTS:
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
Two things. They were doing fine but they all had a lot less stuff. The average house today is 2500 square feet compared to just over 900 square feet in the 1950's. If you live now the way your parents lived in the 1950's, you'd be able to live on a single income as well.
Things were fine if you happened to be a white man. Things were less rosey if you happened to be black or female.
further, the 1950's happened to be a time of growth after a war and a decade long recession. Once all of the pent-up demand was soaked up, we got the 1970's.
As for higher taxes, I'm surprised by the figure you posted. While marginal taxes were high, there were a million loopholes. The average effective income tax rate was 23%.
Quote from 5_wave_decline:
no, we're just headed toward equality
one big fucking ghetto
Awe....don't be too upset. You and I will be in the ghetto.
But, don't worry. The political elite will still live in grand style and we will all be told through propaganda that we should take pride in that.
Pretty high yet they were doing fine. So it seems higher taxes did not seem to have a negative impact.
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Your joking right? Because of the magazine, you actually believe that Tax at about 50% did not hurt?
LOL......
No wonder this country has OBAMA in office.
____________________________________________________
Your joking right? Because of the magazine, you actually believe that Tax at about 50% did not hurt?
LOL......
No wonder this country has OBAMA in office.
Quote from makloda:
The avg. home in 1950 was what, 1200-1300 sqft? (http://www.infoplease.com/askeds/us-home-size.html)
The same tiny homes today still only require one working to meet mortgage obligations.
Yeah, but people were also slim and trim back then...fat fucks now need 3,000 sq houses to fit their Super Sized asses through the doors....
and they can't afford them...