Earlier quoted context omitted.
If you replace "taxes" with more general "investment", it's everywhere. A good example is Amazon that has reworked itself from an online bookstore into a global supplier of everything by ruthlessly reinvesting the profits. Taxes don't usually work as efficiently because the state is usually a much more sloppy investor. But it's far from hopeless, see DARPA. If you're looking for periods of high taxes and growing pros…
> Taxes don't usually work as efficiently because the state is usually a much more sloppy investor. But it's far from hopeless, see DARPA. Be careful. The data does not confirm that narrative. You mentioned the 1950s, which is a poignant example of reality conflicting with sponsored narrative. Pre WOII, the wealthy class orbiting the monopolists, and by extension their installed politicians, had no other ideas than t…
I assume you are talking about WW2 and at first thought it was a typo.