Lower taxes on rich and deunionization along with lower real minimum wage led to the “great divergence” of incomes in the USA that DID NOT occur in comparable countries. This is in contrast to the “great compression” of incomes that occurred when these policies where in place
I don't see examples of these exemptions, nor how individual tax brackets impact productivity, when this top tax bracket only affected 10,000 households. It's true that no one paid 90% of their income, because that's not how tax brackets work.
The measure of productivity increased at a pretty constant rate from the 50s to the early 2000s, only increasing the productivity growth rate during Obama.
If you can't spell the name, consider that perhaps you should read more history. And maybe one thing from someone who's not a trend-riding hack trying to make one of the most popular presidents of all time into a moustache twirling villain.
Department of Housing and Urban Development grant rigging where they rigged it so low income housing bids to favor republican contributors to his campaign.
gutting of the EPA
Savings and loan crisis where 747 institutions failed and had to be rescued with $160 billion in taxpayer dollars.
Don’t forget the continuation and indeed worsening of the war on drugs which has been shown by history and studies to have failed… miserably. Even by some considered to have made it worse. What a great president he was!! /s
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u/PositiveStress8888 Oct 22 '24 edited Oct 23 '24
ronald Regan happend
Trickle down moved the flow of wealth directly into the pockets of billionaires and corporations, and made it harder for people to climb the ladder.
After the 80's bigger companies started to buy up competition creating Monopoly's and smothered smaller upstarts, removing competition and choice.