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Here is what you are guilty of. The barn is burning because the horse did not stomp out the cigar fire on time.Here's a good read. Reagan was a champion to the rich.
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Roll Back the Reagan Tax Cuts | Common Dreams
Our bridges are falling apart (among other things), and its Ronald Reagan's fault. A few hours before the bridge collapsed in Minnesota, a news release landed (among hundreds) in my email inbox. It was from the right-wing "Heartland Institute" and a Minnesota conservative group calling itself...www.commondreams.org
But the rich fought back, and won big-time in 1980 when Reagan, until then the fringe "Voodoo economics" candidate who was heading into the election trailing far behind Jimmy Carter, was swept into the White House on a wave of public concern of the Iranians taking US hostages. Reagan promptly cut income taxes on the very rich from 70% down to 27%. Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983 (they're still in that neighborhood, the lowest in the industrialized world).
The result was devastating. Our government was suddenly so badly awash in red ink that Reagan doubled the tax paid only by people earning less than $40,000/year (FICA), and then began borrowing from the huge surplus this new tax was accumulating in the Social Security Trust Fund. Even with that, Reagan had to borrow more money in his 8 years than the sum total of all presidents from George Washington to Jimmy Carter combined.
In addition to badly throwing the nation into debt, Reagan's tax cut blew out the ceiling on the accumulation of wealth, leading to a new Gilded Age and the rise of a generation of super-wealthy that hadn't been seen since the Robber Baron era of the 1890s or the Roaring 20s.
And, most tragically, Reagan's tax cuts caused America to stop investing in infrastructure. As a nation, we've been coasting since the early 1980s, living on borrowed money while we burn through (in some cases literally) the hospitals, roads, bridges, steam tunnels, and other infrastructure we built in the Golden Age of the Middle Class between the 1940s and the 1980s.
We even stopped investing in the intellectual infrastructure of this nation: college education. A degree that a student in the 1970s could have paid for by working as a waitress at a Howard Johnson's restaurant (what my wife did in the late 60s - I did so working as a near-minimum-wage DJ) now means incurring massive and life-altering debt for all but the very wealthy. Reagan, who as governor ended free tuition at the University of California, put into place the foundations for the explosion in college tuition we see today.
It is the tactic called if you have not baffled them with facts, confuse them with a ton of bullshit.
I do not blame you because you did not author those articles. But why the hell didn't you verify their claims first?
A tax rate does not mean America goes broke. It does and can stimulate more revenue to the Feds coffers. Reagan actually gained revenue for the Feds. Reagan was great but he was not alone in Governing this nation. We have 50 Governors and their legislatures who should never escape blame. But Democrats refuse to blame Governors nationwide.
I worked on Bridge foundations so know a bit more than your average citizen on their construction and how to build one also includes years in planning, designing and bidding the jobs out. A bridge you need now can take 5-6 years to start building. It does not begin or end in a term as president. Biden now is struggling to get them repaired. He knows damned well he will be out of office when the construction starts. I know about this issue by past experience.