Where did the money go?

I think the graph below pretty much speaks for itself:

The United States had plenty of money half a century ago. In the 1950s and 1960s, we paid down the huge World War II debt at a time when we maintained a much larger military than today and fought wars in Korea and Vietnam. We built the Interstate Highway System and much of the other physical infrastructure we use today. We funded vigorous research and development, including the fabulously expensive Apollo program. We supported higher education well enough that middle-class students could graduate from elite universities without crippling debt….

Corporate representatives complain about high corporate income tax rates, but this is the most lucrative lie of the last century. Corporate tax rates don’t mean much because most corporations don’t pay them.

Full article: https://blog.usejournal.com/where-the-money-went-44a838a441ef