No, when Reagan became president you weren't making anyone pay anything. We had 21% prime interest rates and runaway inflation. The top marginal income tax rate was 71% and virtually no one was paying it.
No, but they were paying enough. Between 1776 and 1976, the entire national debt was 600 BILLION. That includes paying for two world wars, an interstate highway system, a Great Society, a Space Program and a lot of other really kind of neat shit.
During Jimmy Carter's time, the Debt went up another 300 Billion or so, mostly due to high inflation. THen that senile old **** Reagan came along, and he ran up the debt from less than a Trillion to 3 Trillion, tripling the debt run up by his 39 predecessors. When that idiot Bush left, it was up to 4.5 Trillion, and that was after he raised taxes. Clinton got the debt thing under control by making the rich pay their fair share, and by the end of his term, it was only a little shy of six trillion and we were posting SURPLUSES.
Well, Bush Jr. wasn't having any of that shit. Tax cuts for the rich and put a war on a credit card, baby!!!! So we have 18 Trillion today.
The rich are very smart. That's why they are rich and you're not. It has nothing to do with dull or exciting.... or how much fun they are to talk to. You are the dullard in the room... all you ever want to suggest is fascist strong-arm tactics to steal the wealth of those who earned it so you can redistribute it into your socialist scheme. When you're not droning on like a radical left-wing nutbag you're lying about having once been a republican.
Most Rich people are walking arguments for estate taxes. Born on Third Base and thought they hit a triple.