The Graphs shows that the low tax rate, led right into the Great Depression..... and the Chart also shows, that under Ronald Reagan, things in the U.S. has seen the nation struggling with debt, crazy interest rates and Outsourcing.
American people don't understand "Taxes"... and many blind themselves to what "taxes invest in".... public and private, and how many business rely on grants, contracts and other program benefits that are funded by tax dollars.
The chart shows that between 1952 and 1963 - America was prospering with stability and progressive steps. Only After Civil Rights Act Passed, did the Tax Rate Start to drop, because so many people, did not want to see any tax supported programs to help Minorities and Women, the easiest way to slow down the progress of minorities and women, is to cut into the Federal Tax Resources by Reducing the Taxes Collected.
What we see as a result is "
$27,400,000,000,000 DEBT and
$155,060,000,000,000 UNFUNDED OBLIGATION - this won't go down without Taxes Going Up... and when Taxes goes up and Tax money is invested to take care of unfunded obligation, doing so will create jobs, and industry to address those unfunded obligation and that will increase employment, as well as re-start business growth. To do so will also, slow the growth of the Debt level, and once in place will began to reduce the Debt... That means American will earn more, be able to save more and in doing so will build a more stable economy for All America.
We have massive Rebuilding that is NECESSARY, and EVERY City in The Nation has high volumes of "Industrial and Business Blight" that must be torn down, removed and the site cleaned up, to 'Re-claim" that land-space. Government Investment has always been the platform that has spurred Business Growth, most people have no idea that the company they work for is more than likely in constant pursuit of government grants, government contracts and other government provided provisions.
With 320,000,000 people, there is no going backwards, because life progresses forward, and in this age of information and technology, it is going to take massive government investments to meet the 21st Century. Homes that were built in the 1930's through the 1970's will require mass rebuilding of some and massive modification of others. Even homes built in the 1990's is now 30 yrs Old.... and many need maintenance and some need modification and some of the lower quality ones need to be torn down and rebuilt. This is massive for jobs, because the attributes and contents of those home products must be manufactured.
This same paradigm holds true for Business of Many Many Types...
We have every form of Infrastructure that must be rebuilt, upgrades and some completely replaced with 21st Century Modeling. Many cities and towns have water systems and sewer system that are more than 80- 90 -100 yrs old - Electrical Grid has to be improved, and in many areas vaults, channels and conduit must be laid to bury electrical cables. 'all this is massive volume of jobs" and some of those jobs won't stop once this is built, because everything built has to be maintained.
Solar and Battery Technology is not going to vanish, it will improve, there is no longer the need for a single source of energy via electric wires on wooden poles, that get knocked down in weather conditions.
Americans need to learn what "Taxes Actually Achieve"... and stop bitching about paying taxes. countries with bad tax policy of low taxes are what we call "3rd World, and 4th World - because without the taxes and the government investing those taxes in the nation, they don't get quality roads, they don't get quality infrastructure of any significance, (except in the wealthy areas), and business does not grow to pay a living wage, which means the taxes they do collect is lower in amount that makes it difficult for them to dig their way out of the hole and get on level ground, so they can built their systems across the landscape.
Ignorance, taking things for granted and greed is always within "the type people" who cry and whine about paying taxes, and they continue to be those who cheat society and nation. The well to do and wealthy, whine the most, because they can no longer just direct working peoples tax money to build up their communities only; and they resent their tax money helping build up all communities, but they had no problem leeching off the average tax payer to build their areas to high standards.