NettetDonald Trump's rise to the White House can be traced to President Reagan’s economic policies that “hollowed out the middle class.” That’s according to an economic historian who laid out a slew of sobering data on income, taxes, Chinese imports, debt and more that he connected to across-the-board tax cuts that began in 1980. Nettet7. okt. 2024 · 1) We let wages fall too damn low. This one is the most familiar (and, as an explanation of middle-class decline, arguably tautological). Nevertheless, it’s worth briefly reviewing the grim ...
Thom Hartmann: How Reagan
NettetUnion membership fell off a cliff after Reagan busted the air traffic controller union, and with it, middle class wages plummeted. That was Rudolph Giuliani's recommendation to follow Taft-Hartley in the strictest possible way. When Eisner and Welch decided to go with worker-hostile HR policies, the PATCO precedent was cemented. NettetThis shows how the middle class people were destroyed as a result of Reaganomics which forced the middle class people to pay more taxes. In the end of his two terms as the president of the U.S., 5% of the population which comprise of the rich had received double wealth and economic share of ownership while 95% of the population which … mary hardin baylor football stats
Reagan’s tax-cutting legacy The Heritage Foundation
http://www.liberallibertarianism.org/blog/ronald-reagans-policies-began-the-destruction-of-the-middle-class-the-constitution NettetThis all began in the 1980s with the so-called Reagan Revolution, when Reagan dropped the top tax rate from 74% to 25% and begin a vicious, scorched-earth campaign to destroy unions across the country while authoring NAFTA and other free trade agreements. Nettet10. feb. 2015 · How Reaganomics Destroyed The Middle Class...And Maybe America Notice in the following images how badly everyone but the rich have been doing since Reagan's polices. It's amazing that Republicans, being mostly poor & middle class folk, have been voting against their interests and for the interests of a very few rich people … hurricane emma 2017