>"The American Dream" was made possible by government spending to subsidize home purchases. The 1950s housing act.
No, it wasn't. The american dream was the reality of huge swaths of the middle class. Who do you think all those pre-1950 single family homes were built for? And of those that didn't live in a single family dwelling, the other inhabitants of a multi-family was often related to them.
The subsidy just made it a little more accessible down-market.
>What made america great was taxing the hell out of the rich
Um, what? Look at tax receipts relative to GDP. We've never taxed harder than we do now. Even if you assume we took it all from the rich back then it was still less.
The only way this comment only holds if you look at fed income tax only and you look at the nominal rate, which is farcical.
Re: "Look at tax receipts relative to GDP. We've never taxed harder than we do now. " - would you mind sharing some data sources for this. Thanks a lot!
No, it wasn't. The american dream was the reality of huge swaths of the middle class. Who do you think all those pre-1950 single family homes were built for? And of those that didn't live in a single family dwelling, the other inhabitants of a multi-family was often related to them.
The subsidy just made it a little more accessible down-market.
>What made america great was taxing the hell out of the rich
Um, what? Look at tax receipts relative to GDP. We've never taxed harder than we do now. Even if you assume we took it all from the rich back then it was still less.
The only way this comment only holds if you look at fed income tax only and you look at the nominal rate, which is farcical.