The UK press and associated "think tanks" have been busy writing pieces like this trying desperately to refute Gary Stephenson because they, meaning their wealthy handlers, see him as a threat.
Gary specifically does NOT advocate for an income tax. He advocates for a wealth tax. This piece does nothing to refute that. It's knocking down a strawman, i.e. that we should go back to the exact same tax policies of 1950s-70s. Gary has never said that. He simply pointed out that achieving financial security was significantly easier for average folk back then, and clearly the answer lies at least partially in our attitudes towards taxing rich people back then, compared to today.
As someone who was around back then I think the biggest thing that made it easier to achieve financial security was that housing was cheaper for a number of reasons, a big one being the government building a lot of council housing, that you couldn't buy, only rent. Also buy to let wasn't really a big thing due to it being very hard to evict anyone. Not really due to tax.
Gary specifically does NOT advocate for an income tax. He advocates for a wealth tax. This piece does nothing to refute that. It's knocking down a strawman, i.e. that we should go back to the exact same tax policies of 1950s-70s. Gary has never said that. He simply pointed out that achieving financial security was significantly easier for average folk back then, and clearly the answer lies at least partially in our attitudes towards taxing rich people back then, compared to today.