Comment by latency-guy2
20 days ago
You have stated no facts.
https://www.bls.gov/opub/ted/2023/labor-force-participation-...
The demographic across the board works less today than in the past. They might accrue debt, but they're not working it off while at college.
Further, you're even more wrong than you think you are.
The average student at college is now painfully average. This is because the average student is admitted to college at rates higher than ever before.
College participation rate is higher than in the past as well.
> Relatively low inequality and high progressive tax post-WWII funded the new medicine and tech we now enjoy.
You're not even correct about the taxes either. The taxes were TIED to the war.
The top marginal tax rate was 91% from 1945-1963. It was still 70% up until 1981.
What was the effective tax rate?
"While average effective tax rates barely changed in the US from 1945 to 2015, the average tax rates of high-income households fell sharply—from about 50 percent to 25 percent for the highest income 0.01 percent and from about 40 percent to about 25 percent for the top 1 percent."
https://taxpolicycenter.org/taxvox/effective-income-tax-rate...
For the top 1% and 0.01% the effective tax has been halved from ~50% to ~25%, which is perhaps not very surprising.