Our tax rates under LBJ and Carter were on the high side.
We live in Californicator land where hidden scam taxes were invented and new ones come up every day or get voted on by the idiots. Those taxes now equal our property taxes and come on the same billing twice a year. Our state income tax is high. Our state income taxes and license fees for so many things are very costly.
Every younger and not so young person, who has troubles saving and ask for advice, refuse to give up their Daily Starbuck Habit and their IPhone with very high monthly rates. They sneer at our Android phones and Tracfone low rates. They often refuse to shop at Walmart and or Costco.
Then they say they don’t have money left to save or donate to Free Republic and their church if they go.
Well I’m sure there is a little of that but I don’t think young people are going to get ahead by saving Starbucks money. And where do they save that money? In a savings account paying .0001%? In the stock market where even the most informed investor could easily lose 30 percent with just one wrong move? Yes they have iPhones but it’s the service that costs and that does not change with an android. If you are 70, in your youth society had land lines and the bill didn’t have seven taxes added on every month. 3 years of my property taxes would just about buy my parents first house. The vehicles to accumulate wealth have been almost totally closed down. We have been taxed into slavery.