Since anyone has yet to clearly define what era America was great . Some have talks about the post WW2 era as a time when America was great.
So I decide to use 1960 as the example .
In 1960….
The we were still on the gold standard .
The yield on savings was two times the inflation rate .
The was before the “great society ” (medicare, Medicaid, etc )
The national debt as percent of GDP was decreasing.
The ratio of people working to people on Social Security was about
15 to 1
The highest tax rate was 90%.
Today….
We have a currency back by nothing.
For people to get the same return they have get into risky assets (stocks / real estate . Creating ” the bubble economy”
This bubble economy helps both the super rich and the government.
Since the middle class doesn’t save it can’t start businesses .
Also today with so big corporations small business can’t compete .