During the Depression, top tax rates were above 90%. So instead of building a factory and creating jobs, investors put their money into stamp collections, Swiss Bank accounts and other non-productive tax shelters.
Hence the worst year of the Depression was 1937.
We are being given the innovative policies of the 1930s — with similar results.
Swiss bank accounts are a no go today. But rare artifacts such as stamps can function as a covert store of value unlike PMs, jewels and the like which are easily recognized for their value by SWAT raiders, highway patrol cops, customs, TSA, and various other neo-Gestapo agents in the land of the free.