In the 1970s the average American worker got good benefits and could afford to own a home and a car, take a vacation every year and send their kids to college. Reaganomics ended all that.google.com/amp/s/www.cbsnews…

Feb 28, 2021 · 11:23 AM UTC

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Replying to @marwilliamson
Yeah, not ALL Americans. Amirite?
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Replying to @marwilliamson
The Neoliberal project to ensure all wealth accrues to the Capital Owning class & to any crush worker power/wealth started under Reagan & continued by every President since. Decoupled pay from productivity, replaced a living wage with easy credit & forced us into debt peonage.
Yep....waiting on the trickledown....TTH
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And every president since has continued in the same direction, Republican and Democrat
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Replying to @marwilliamson
That is a fact!
Replying to @marwilliamson
They've been chipping away at us ever since Reagan. Now we need a Marshall Plan.
Replying to @marwilliamson
It only accelerated the inevitable. The real problem is the government subsidization of key industries that started in the 50s and has increased steadily for decades. All reagan did was ensure the rich bear less of that burden- for a time.
Replying to @marwilliamson
Water (wealth) can't "trickle down" from a vast (wealthy) ocean. Trickles come from streams (low income) & rivers (middle classes), fertilizing crops (local business & real economy) on the way, eventually, to the oceans, where it stops. Until taxation (evaporation) recycles it.
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Replying to @marwilliamson
In 70s, Parents were both teachers. We had a nice house, 2 new cars every 5 years, 2-3 vacations a year. They paid cash for my private college. Healthcare came with their jobs w/o copays or deductibles. Both had good pensions. Goods were inexpensive and high quality. No more.
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Replying to @marwilliamson
Ronald Reagan and Reaganomics kicked off the #neoliberal ideology in earnest. It's the dominant political/economic ideology of today, has been for over 40 years, and the upheaval left in its wake was the reason for the ascent of rightwing nationalist D. Trump. It's still here.
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