The 40-year con of trickle-down Reaganomics: Why Republican’s toxic class warfare only spreads poverty
America has to reinvent our understanding of economics after 40 years of living under a tax-cutting, austerity-imposing, Republican-promoted trickle-down Reaganomics scam and return to a Keynesian system that still works in those countries like Norway, New Zealand or Denmark that never adopted “austerity.” The core idea of Reaganomics is that if we give huge tax cuts and multi-billion-dollar subsidies to billionaires and giant corporations, that will “incentivize” these “job creators” to expand the economy and raise prosperity all around for everybody. In fact, all those giant corporations and billionaires have done is put all that cash in their money...
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