@evamarie
During that boom period, the top marginal tax rate was over 90%.
After Kennedy's assassination, it started going down as politics began to require massive amounts of money for TV ads. The rich began buying tax breaks, and that's why the middle class is suffering.
The stock market is 80% owned by under 1000 families. It's not an economic bellweather for the common people.
@danalan
That’s what happened as the Roman Republic devolved into an imperial autocracy. Rome basically became an oligarchy where a small number of rich families controlled everything.
Whereas the western Roman Republic lasted about 500 years, we’re not going to last nearly that long.