The root of MAGA’s nostalgia for the 1950s is the effective US corporate tax rate being 40-50% rather than the 2010s’s 10-15%. Those higher taxes paid for healthcare, anti-trust enforcement which increased wages across the board, general public services. Instead, money that corporations would have spent on taxes goes into bribes for regulatory capture, helping depress wages and facilitate monopolistic mergers and acquisitions. Quick overview of historic tax rates: https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States
The root of MAGA’s nostalgia for the 1950s is the effective US corporate tax rate being 40-50% rather than the 2010s’s 10-15%. Those higher taxes paid for healthcare, anti-trust enforcement which increased wages across the board, general public services. Instead, money that corporations would have spent on taxes goes into bribes for regulatory capture, helping depress wages and facilitate monopolistic mergers and acquisitions. Quick overview of historic tax rates: https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States