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Comment by nine_k

If you replace "taxes" with more general "investment", it's everywhere. A good example is Amazon that has reworked itself from an online bookstore into a global supplier of everything by ruthlessly reinvesting the profits.

Taxes don't usually work as efficiently because the state is usually a much more sloppy investor. But it's far from hopeless, see DARPA.

If you're looking for periods of high taxes and growing prosperity, 1950s in the US is a popular example. It's not a great example though, because the US was the principal winner of WWII, the only large industrial country relatively unscathed by it.

parent nine_k 8 months ago

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