1391
Reagan...
(lemmy.world)
Don't forget the war on drugs
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this post was submitted on 20 Mar 2025
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On one hand, it does make sense to lower taxes if taxes are notably harming the economy or harming economic recovery, and under Reagan we DID have a long economic boom. Dropping taxes on the rich by 40% was likely unnecessary, as even ~20% would have been enough for a stable recovery.
The flip side to that is that it installed in Republicans the idea that taxes go down == economy go up, which is nowhere near the truth (as shown by the Kansas Experiment ) and is one of (IMO) the three major shifts in the GOP that has turned them into the absolute shitters they are today. The others FWIW are Gingrich's Contract with America, or more particularly the idea he presented to the GOP that they can never let the DNC have a win even if it would benefit the GOP, and the Southern Strategy.
Trickle down economics, contract with America, and the southern strategy. The new unholy trinity.
He really didn't though, it was fake and funded through over a trillion dollars in national debt ...
I'm pretty sure he's the president that also started using money ear marked for social security for the general fund. SS is fully funded through Miss 2030, the Republicans want to get rid of it to hide the fact they stole the money for other shit ..