I remember it up to then as a time of closed shops, restrictive trade, inefficient companies, but the changes were absolutely necessary. You try opening a coal mine now and see if you can get anyone to work in it.
Look, if you tax people for making money then they'll stop doing it. Then there's not enough for funding the essential public services. The trick is to set the right levels to maximise the revenue without stifling economic activity and at the moment we are way too far in the wrong direction.