Very low state, local, city and regional taxes back then with those governments and the federal government not bloated and we still had a strong physical foundation. Other nations were not as advanced as us although Japan was moving with Europe in the race. Still tied to the last strand of the gold standard with other nations.JFK set the upper tax rate at 70 percent which was good for economic growthIf that is all you know about taxes, then you know less than nothing and should stop talking about eco omics immediately. That was wrong on every possible level.Raising taxes takes money out of the private sector...where it would be spent on goods and services or on the creation of new jobs...and puts it into the public sector...where endemic waste is a way of life.
The public sector DOESN'T waste huge amounts of the revenue they are given? You really want to argue that, Fort? JFK understood that tax cuts were good for economic growth. He may be the last Democrat to grasp the concept!