Reaganomics celebrates its 40th Birthday
Since Ronald Regan introduced supply-side economics (Better known as trickle-down economics or Reaganomics) in July 1981, we have seen productivity increase every year. Still, the wages of the productive people never saw that money - it all went to the 1%. In that same time frame, profits and GDP also went way up almost every year. Again, the wages of the people who created this wealth saw their incomes stagnate or even fall!
Income inequality in the United States is not just the worst in the developed world, but it is one of the most unequal in the world as a whole.
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