The Sage of Main Street
Gold Member
- Sep 15, 2016
- 19,904
- 5,495
I Agree, But I Don't See How Reagan Is the One to Blame for the DeclineThat way peaked around 1970 or so. The Great Society programs, Social Security, the demise of electronic, auto, and steel manufacturing industries sent overseas, a lot to Japan sent a monkey wrench to us. Employees in many of these industries received nice pensions and payouts while others not so fortunate. Taxes increased in a huge way in the 1970's. Compare just the federal tax code for peasants in 1980 and after the Reagan tax cuts. Today we really would be under oppressive living.