Everyone in the US misses the 50s, marginal tax rates were crazy high. "Oh, but people had lots of deductions and not many people actually paid the top rates" - yeah, that's exactly the point, it encouraged money to be spread around more. And a whole lot of people prospered, while government revenue was less lopsidedly concentrated too.

Get people away from paycheck-to-paycheck debt loads and you've improved a lot of lives regardless of if those people are egalitarians who will then vote for utopian policies. We know that allowing more and more consolidation ain't the move.