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EricP, it is going to take a bit to dissect your argument. Good argument given, but it doesn't tell the whole picture.
Population growth: 1960: 54M, 2022: 67M. So increased by the size of a London.
Your parents lived in a Council house, so a subsidised home, as per attached to the job. A lot of agricultural jobs came with a house, so not unusual.
Many households now have two cars, and live a far higher standard of living with foreign holidays.
An issue today is obesity so we do get plenty to eat.
Education is at a far higher standard, and 57% if not higher go to uni.
The NHS keeps us alive to 81. In 1965 it was 71. So on average we live ten years longer.
Private property ownership is far higher than 1965.
Pensions are much better than ever before.
We have far more stuff, and live a far higher standard of living than ever before.
In the 1960's base rate tax was higher and top rates hit as high as 90%. Much because we were buying into the new socialist system where the State provides. Plus we had war debts.
However, there are a few other taxes to consider:
1965 Corporation tax came in, Purchase Tax 25% now called VAT, National Insurance Tax, Death Duty, Council Tax, Road Tax, Energy Taxes.
When all the taxes are totalled up we all pay loads and loads. We are at levels similar to the 1970's socialist experiment that made us the basket case of Europe. Heck, it was Thatcher that slashed taxes to get us out of the economic pit of decline we had dug.
There is more, but I've got some work to do.
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