In Canada excessive taxation also kicked in. I was once told by a politician that 60% of program spending is eaten up in the bureaucracy. And experience with work for several government ministries bares this out.Oh, that post-WWII boom. Yeah, kinda nice being the only heavily industrialized country in the world that hasn't quite recently had the crap bombed out of it. To say nothing of sitting on 15 years of pent-up demand. We proceeded to go an a tear that lasted 28 years (I date it as 45-73, which is when real wages in the U.S. peaked and started dropping). We were so rich for so long that we raised an entire generation that thought that was the norm.
Then reality kicked in.