4 ms·

Reaganomics. We should try to slowly go back to a pre-Reagan economic world.

• drewcoo 2y ago
  The shift to neoliberalism happened under Carter. https://www.salon.com/2011/02/08/lind_reaganism_carter/ https://www.salon.com/2011/02/08/lind_reaganism_carter/ Nixon was our last New Deal President. https://isi.org/modern-age/richard-nixon-new-deal-nationalist/ https://isi.org/modern-age/richard-nixon-new-deal-nationalis... Silly as it may seem, you probably want a more Nixonian world.
• fxd123 2y ago
  You are mistaken. Reagan's tax cuts, which included cuts for the lower class, decreased tax revenue and put more money in the average person's pockets. Presidents after Reagan started to pillage the lower and middle class for more tax revenue. Notably George H.W. [1] [1] https://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_Act_of_1990 https://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_...
  • JohnFen 2y ago
    Taking what you say as accurate and complete just for the sake of argument, those tax cuts also meant that people had a greater non-tax financial burden. They also had adverse social consequences that increased costs for everybody. The wealthy certainly did get great gains out of it, but it was at the expense of the non-wealthy because the tax cut they received was tiny and didn't offset the increased expenses.
    • fxd123 2y ago
      > They also had adverse social consequences that increased costs for everybody. This is just not true