this post was submitted on 24 Sep 2023
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I mean there is like 100 other things I can think of that are more responsible for todays economy than a president from 40 years ago. That would be like Reagan blaming Hitler for an economic slump.
The precedence for not having adequate taxes for high wealth has been devastating for our busineesses. You use to have to be good to make money back then as opposed to simply having large amounts of money allowing to easily grow it. Earning an additional dollar in investment was harder and harder the more your company made which forced it to run efficently or several smaller ones could eat your lunch.
Can you elaborate or reference books or economic terms on this? Genuinely interested, never heard this before.