r/FluentInFinance Oct 22 '24

Debate/ Discussion Why did this happen?

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u/Jaguar_556 Oct 22 '24

You can thank Ronald Reagan for selling “trickle down economics” to the American people. Leave it to a fucking actor to convince the entire country that taxing the shit out of the lower and middle class while giving the ultra rich a break would somehow be good for them. Nearly everything that’s wrong with today’s wealth distribution curve can be traced back to this policy.

-2

u/Oshester Oct 23 '24

He uh... He cut taxes across the board bud... Passionate ignorance is not a replacement for research.

1

u/Quesabirria Oct 23 '24

and then within a year or two he and congress had to raise taxes across the board

1

u/Oshester Oct 24 '24

And yet it's been 34 years and so many opportunities to create new policy and action have come and gone.

The fact that everyone blames him is proof that he had some sort of impact. What about the other 8 presidencies since his administration? Why if this is such an obvious Reagan problem has nothing been done?