In comparing the 1930s to today you cited the difference in taxes. And rightfully so. However, I believe that is only half the equation. We need to look at what those tax dollars were being spent on because ultimately that’s the key element. The whole argument against excessive taxes - whether they be sales, income, property, etc - is that the private sector can allocate those dollars in a better way than government. Okay, then what were the dollars being spent on then and where’s the money going now.
Another poster cited that the 1930s included such wonders as the building of the Empire State building. Beyond that there was a major push to create jobs via the infrastructure of the country. I believe the Pulaski skyway in NJ was built at this same time. In fact roadways, bridges, etc across this nation were all erected with the tax dollars of this time. This created jobs and put money into the pockets of workers displaced by the depression. That’s wealth redistribution that works. Not spending, but investment.
Today? 40% and that’s a conservative estimate, goes to Medicaid and Social Security. I’m not heartless, but that’s a segment of the population that is not going to contribute. Spending not investment. Throw in the multitude of entitlement programs and its fair to say at least half of all tax revenue is spending not investing.
So, ultimately taxation isn’t the problem. It’s how the taxes are misappropriated. But of course that’s a double edged sword. What’s the alternative? Let the elderly starve in the streets? No, we have too much compassion in our hearts for that…so what?
And this is why Marx and Ingels got it right. They never advocated for any particular social system, they predicted the inevitable. Capitalism will fall to Socialism and in turn Communism. Now, I don’t mean the European examples of pseudo socialism and communism we’ve seen. They jumped the gun. But ultimately Capitalism falls because it lacks the courage of its convictions. In a winner/loser economy eventually the losers pile up. Are you a pure capitalist willing to watch them die in the streets or do you cripple you economy by caring for them?