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Brad DeLong Mastodon
Today’s America: 3 million business owners worth an average of $25 million each, notables in their towns but not individually visible to the nation. And more than half the rise in the top 1% share since 1985 flowed through the pass-through businesses that was a “tax efficiency innovation” feature of the Reagan Revolution. The Reagan Revolution promised faster growth in exchange for lower taxes on the rich. The rich won; the growth never showed up: **Passthrough Tax Loopholes & the Rise... 1/
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19 September
From one piece Passthrough Tax Loopholes & the Rise of the American Gentry: CHART OF THE DAY 2 beliefs, in the piece's order there
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korrents.com
Reagan-era tax cuts for the rich did not deliver the faster economic growth they were promised in return.Their words
The Reagan Revolution promised faster growth in exchange for lower taxes on the rich. The rich won; the growth never showed up.
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Their words
And more than half the rise in the top 1% share since 1985 flowed through the pass-through businesses that was a "tax efficiency innovation" feature of the Reagan Revolution.
16 September
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Their words
Republicans' long-term strategy, since Reagan, is to spend a lot of money (mainly on things that won't benefit non-rich Americans), refuse to raise taxes, and therefore greatly increase the national debt.
15 August
Nothing matches.
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