Do you mean the 70% tax rate?. Do you mean the economic boom starting in the 3rd yr of President Reagan's admin? That one? When the power wave of economic growth that was kindled w/ by deregulation, fanned by reduction of the real tax rates down to about 29-27% from, what was it, 79%? I forget, anyway....you mean that economic boom that those under 36 yrs old nowadays never even experienced so have no historic contrast to shape their thoughts, but get taught some of the fanciful "equitable distribution of wealth" theory in our schools of higher ed? That economic boom? All races, all ethnicities, all economic indices, everyone living in the U.S. post-Reagan enjoyed so much economic prosperity that we didn't need to redistribute. Anything.  They could go to work, make money, and get what they needed for themselves. In spite of the odd/even gas days in the '70s. Young'uns don't believe me when I tell them that.  That's where the term "stagflation" came from, btw, the '70s.  You know that.