General Discussion
In reply to the discussion: I was 19 years old when Ronald Reagan was first elected... [View all]hfojvt
(37,573 posts)I think that is a nonsense meme, since the 2% are pretty damned rich as well, and so are the 3%, the 4%, the 5%, the 6%, etc. Even the 20% are richER than 80% of the population.
To say that the Bush tax cuts expired is the nonsense. MOST of the Bush tax cuts were made permanent, and that ACT, which Obama signed, was a tax CUT. A tax cut that heavily favored the rich. Yet Obama would claim that he increased taxes on the rich.
Not compared to what would have happened if he had done nothing.
And no, you do not make income taxes more progressive by giving little tax cuts to people at the bottom and much bigger tax cuts to people at the top.
But post Reagan, now, we are ALL tax cutters.
That is how Reagan won, by converting the Democratic Party to Reaganomics.
But I don't blame that on Reagan. I blame it on the Quislings who converted and who continue to peddle the bullsh*t to an unaware public.