“In 1980 the federal deficit was soaring and Ronald Reagan campaigned on a singular promise: He planned to cut taxes on everyone, but especially the rich. He insisted that those benefits would quickly trickle down to everyone and supercharge the economy. Throw in some social safety net cuts, Republicans said, and the whole plan would pay for itself.“
“They were wrong. The rich got lower taxes all right, but the economy flatlined and the deficit skyrocketed. I should know: I graduated from college the same summer the tax cut passed, and I spent the next three years managing a Radio Shack waiting for the economy to get back on its feet. In 1982 Reagan was forced to raise taxes to make up for his cuts, and he continued raising them throughout his presidency.“
Medicynical note: Trump’s dead end. If re-elected it will only get worse. We can expect cuts to Social Security, Medicare, Medicaid. We can expect millions more uninsured with the demise of the Affordable Care Act. And so on. We’ve become an autocracy with wealthy supporters buying their way into government contracts. A corruptocracy…….Trumpism. Vote.
Medicynic 