Home Budget, Economy Graph Sums Up Right-Wing Attack on Middle Class Since 1980s

Graph Sums Up Right-Wing Attack on Middle Class Since 1980s

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In sum: under Republicans Reagan, Bush and Bush (and not reversed by Clinton or Obama), the rich have gotten much richer, the middle class has gotten squeezed, the tax code’s gotten FAR less progressive, and income disparity in this country has widened dramatically. Combine that with corporations making billions in profits yet paying no taxes, plus skyrocketing health care costs due to part to an aging and unhealthy population, and what do you get? Massive structural deficits as far as the eye can see. No, this is not a “spending problem,” it’s the polar opposite — notwithstanding the “Big Lie” of BONEr, Can’tor et al. that we need to “stop the spending.” No, what we need to do is “stop the giveaways to the top 1% and powerful corporations.” How difficult is that to understand?

  • I thought when you lower the taxes on the wealthiest Americans, they put their tax savings into job-creating investments and the benefits trickle down to the rest of us.

    Or did I miss something???

  • pontoon

    during the Reagan years either.  I wonder why Americans have such short memories? Snark!

  • Teddy Goodson

    we need an UN-cut movement on the entire tax code, not just against tax-dodging corporations. Our tax code has become less and less progressive, that is, less fair, over time; the change correlates with the growing dominance of the free market theory, which regards taxation as a form of theft, and demands a flat tax rate which is the same across the board for everyone, regardless of income or ability to pay.