In 1955 when America used to be a socialist country, the middle-class was growing and expanding like no other nation on Earth.
After World War II and the Korean War, hundreds of thousands of young servicemen had returned to America to pick up their lives and start new families with new jobs, new cars, and new homes. Many went to college on the new G.I. Bill.
Those were the days when dad went to work to pay the bills and mom stayed home with the kids.
With an energy never before experienced, American industry expanded to meet peacetime needs. Americans began buying goods not available during the war, which created corporate expansion and jobs. Growth was everywhere. The baby boom was underway.
Some people remember the Fabulous Fifties as the best era ever in American history -- the days of American socialism -- when America's economy and military was second-to-none, and we had the highest tax rate ever in American history.
A Tribute to 1955
"Did you hear? The post office is thinking about charging 3 cents just to mail a post card!"
"If cigarettes keep going up in price, I'm going to have to quit...20 cents for a pack is just plain ridiculous!"
"It's too bad things are so tough nowadays. I've heard that even married women are having to work, just to make ends meet!"
"Did you read in the newspapers? Some baseball player just signed a contract for $50,000 a year just to play ball! It wouldn't surprise me if someday they'll be making more than the President."
"I'm afraid the Volkswagen car is going to open the door to a whole lot of foreign business."
"I never thought I'd see the day when all our kitchen appliances would be electric. They're even making electric typewriters now!"
"If they raise the minimum wage to $1.00, nobody will be able to afford to hire outside help at the store."
"If they ever think I'll pay 30 cents for a haircut, well then, they can just forget it!"
"No one can afford to be sick anymore. At $15 a day for a hospital stay, it's too rich for my blood!"
"When I first started driving, who would have thought that gasoline would someday cost 25 cents a gallon. I guess we'd be better off leaving the car in the garage more often."
"I'll tell you one thing, if things keep going the way they are, it's going to be impossible to buy a week's worth of groceries for $10.00."
"Have you seen the new cars coming out this year? It won't be long before $2,000 will only buy a used one."
"The fast food restaurant is convenient for a quick meal, but I seriously doubt they will ever catch on."
"There is no sense going on short trips anymore for the weekend. It costs nearly $2 a night to stay in a decent hotel these days!"
"It won't be long before young couples are going to have to hire someone to watch their kids so they can both go to work."
"I read the other day where some scientist thinks it's possible to put a man on the moon by the end of the century. They even have some fellows that they call 'astronauts' preparing for it down in Texas."
"Thank goodness I won't live to see the day when the government takes half our income in taxes. I sometimes wonder if we are electing the best people to government."
Since America's socialist days back in 1955, large corporations and the very wealthy have seen their taxes steadily decline until today in 2012, and their tax rates are historically low. Left unchecked, this is true capitalism at it's very best.
Some folks (pictured below) think these days in American history are "the good old days" -- because had they been paying the 1955 tax rates today, they would have been paying 66% more in income taxes. It's no wonder this country has so much debt. But Speaker of the House John Boehner is always saying, "We don't have a revenue problem, we have a spending problem."
Dwight D. Eisenhower was a 5-star general during World War II before becoming our 34th President back in 1953. I wish he were alive today. He was the last sane Republican that I would have ever voted for. He warned us of the military industrial complex, and he taxed corporations and the wealthy accordingly.
I liked Ike, even if he was a socialist.
Not since the Gilded Age has the top 1% ever had it as good as they do today...