History lessons please

John Oxendine's Twitter post features this quote from that intellectual beacon, Rush Limbaugh ...

No nation ever taxed its way into prosperity.

It just seems that basic U.S. history suggests the exact opposite. The top marginal tax rates in the U.S. were above 80 percent from 1940 through 1963, and were even around 90 percent throughout the 1950s with a Republican president in Dwight Eisenhower. During this same time frame, of course, the U.S. enjoyed an unprecedented level of growth and prosperity.

Granted, I don't think we ought to return to 90 percent tax rates, but I also think its a widely discredited notion that higher tax rates suppress economic growth ... particularly when volumes and volumes of statistical evidence suggests otherwise.