Very accurate observation. Similar to today, tax cuts didn't "trickle down" to the majority. Whom wouldn't have ever accepted if if they knew that, but the vo

Very accurate observation. Similar to today, tax cuts didn't "trickle down" to the majority. Whom wouldn't have ever accepted if if they knew that, but the voters' behavior was obtained through the work of what many of us instantly recognized as ordinary propaganda, the misdirection just wasn't completely on steroids like the communists were using. Many knew at the time that the budget could be balanced if tax cuts were heavily applied to wage income, and only to incomes below a certain level, with the difference made up by taxing commerce. Which is why it was so popular. Even if that was to include tariffs. As we have seen, if there is any chance that tariffs need to be as stupidly high as they are now in some cases, they should have started being increased back then, no more than something like 1% per year where otherwise there was nothing. It would have made for a whole lot more prosperity along the way, and conformed to the theoretical advantage the garbage-faced economists think it's having right now. Most likely without having ever to rise to today's actual percentages. If tariffs had been done correctly and gradually, there would have been no pain progressing all the way to zero income tax on average Americans a bit earlier in the 21st century than now, and it would have been worth waiting for. Especially as soon as the budget got balanced it was very stupid not to take this kind of action which could make it consistently be a bigger surplus every year after that. And think how many decades of sending once-valuable dollars to China in exchange for low-value trinkets could have been avoided. Dollars used to be worth a whole lot more back then (don't ask me how I know), the Communists got in on the ground floor by allowing a mere sliver of free-enterprise, then took in huge amounts of dollars faster than US wage earners were doing. Look how the value of all that hard work by American wage-earners back then has grown for the CCP by now, at the expense of average working Americans who actually toiled for that same dollar in the first place. There is no excuse for anybody involved to ever let the US slip to less than 10x as "rich" a country as China. All the equations which were meaningful were based on more like a 100x factor, how do stupid people get to occupy such important positions? And this is just one of the things where it's good to have checks & balances to curtail the possibility of doubling the stupidity overnight.