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You have your history reversed. The slashing of taxes on the rich was itself a patch implemented by Reagan. [0] History since has demonstrated the negative effe
by omegaworks 10y ago
You have your history reversed. The slashing of taxes on the rich was itself a patch implemented by Reagan. [0] History since has demonstrated the negative effect these policies have had on the infrastructure and equity this country. Unfortunately, contemporary politicians and talking heads have managed to shift the narrative so drastically that our national dialogue doesn't even acknowledge this history.
The deregulation of the financial sector in the 90s - allowing banks to become both investment and depository entities has allowed them to grow and consume a disproportionate amount of human capital and wield an incredible amount of political influence. Hopefully it's not a pandora's box, and we can build the political will to close it again.
0. http://www.heritage.org/research/commentary/2015/7/reagans-tax-cutting-legacy http://www.heritage.org/research/commentary/2015/7/reagans-t...
- rconti 10y agoI'm not disagreeing, I think you may just be reading too much politics into my statement. All of these patches result in unintended consequences, not just the ones that one political viewpoint advocates.