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Posts tagged Reagan

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If we examine incomes, we discover that Reagan’s eight years marked a real take-off for inequality, while average incomes stagnated. The income growth of the top once per cent was ten times that of everyone else during his term: 61.5 per cent versus 6.15 per cent. Under JFK/LBJ, the bottom 99 per cent actually did better: gaining 30.9 per cent compared with 26.9 per cent for the top once per cent. And while inequality continued to rise under Clinton, the bottom 99 per cent did more than twice as well as they did under Reagan, gaining 16.7 per cent compared with 56.6 per cent for the wealthiest one per cent.
Inequality skyrocketed under Reagan

Filed under Reagan Gutting the Middle Class

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The results of Reagan’s tax loops and privatization agenda, when you don’t rely on deceptive tax codes with high marginal rates but massive loop holes for data. Source.

The results of Reagan’s tax loops and privatization agenda, when you don’t rely on deceptive tax codes with high marginal rates but massive loop holes for data. Source.

Filed under Reagan