Fort Fun Indiana
Diamond Member
- Mar 10, 2017
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Wages lagging behind prices.Because the value of the dollar went a LOT further back then and it didn't cost near as much.
Yes, that is indeed a problem. And then you look at our huge wealth gap, and look at the tax rates on the people holding all the money vs the 70s.
That's why your new car costs nearly a year's salary now instead of 2 or 3 months. If you're the average American.
And our obviously idiotic tax policy is the main cause of our national debt.
So let's all agree that Reaganomics has been a harmful failure.