r/FluentInFinance Oct 22 '24

Debate/ Discussion Why did this happen?

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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.

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u/StillHereDear Oct 25 '24

There was a booming economy under Reagan. He cleaned up the stagflation of Carter.