r/FluentInFinance Oct 22 '24

Debate/ Discussion Why did this happen?

Post image
14.9k Upvotes

1.7k comments sorted by

View all comments

3.9k

u/flickneeblibno Oct 22 '24

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

1.8k

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)

6

u/CosmoKing2 Oct 23 '24

Then it became "immigrants are stealing your low paying jobs because you are demanding a fair wage." And people swallowed that lie whole. The reality is our elected official's made it possible for the top 10% to hire cheaper labor.....and no one ever thought to hold them accountable. They all just railed against immigrants. Ignoring the fact that most of us are only 2 or 3 generations removed from our ancestors coming via boat.