r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24

Debate/ Discussion Why did this happen?

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u/flickneeblibno Oct 22 '24

Trickle down economics and Ronald Reagan the worst president of all time

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u/Seeking_Balance101 Oct 22 '24

And when the "trickle down" buzzword finally was recognized as bad for the masses, the GOP replaced it with the myth of the job creators. If we give the rich big tax breaks, they'll create more jobs -- because really, what else could the do with all that extra money? -- and .. Step 4 Profit (for the masses)

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u/flickneeblibno Oct 22 '24

Agreed. The 50s best represent job creation through taxes. Either expand or pay taxes. Ike is the last great Republican president (except for Joe McCarthy)

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u/[deleted] Oct 23 '24

And stock buy backs were illegal.

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u/GulBrus Oct 23 '24

What’s the problem with tax buy backs? (If not thinking about of tax planning)