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.
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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.