#reagonomics — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #reagonomics, aggregated by home.social.
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#UShistory #Economics #Equality
(7/n)
...prosperity...."👈
Let's have a brief review of the #US' 20th century #IncomeTaxRate:
"👉From 1918 through 1981 (easy to remember ;)) the marginal rate in the #US varied between 70% and 94% percent.👈
[#MarginalTaxRate: the percentage of your income you must pay to the #Treasury on the last dollar you earn in progressive tax systems.]
And then, #Reagonomics and #TEFRA happened, the Tax Equity and #Fiscal Responsibility Act of 1982.
👉It...
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“ #Neoliberalism is not just economically #destructive; it is literally soul-destroying. I think it corrodes everything that it touches. Knowing you have enough is how we begin to build something better. It's how we get beyond neoliberalism and into a world that cares.”
#Thatcherism #Reagonomics
https://www.taxresearch.org.uk/Blog/2026/06/18/has-neoliberalism-captured-you/ -
« In 1985, the COTI stood at 30 — the median male worker needed thirty weeks of income to afford a house, a car, health care, and education. By 2018, the COTI had increased to 53—a full-time job was insufficient to afford these items, let alone the others that a family needs. A generation ago, the worker could be confident in his ability to provide his family not only with the basics of food, clothing, and shelter, but also with the middle-class essentials of a house, a car, health care, and education. Now he cannot. »
https://americanaffairsjournal.org/2020/02/the-cost-of-thriving/
#Inflation #CostOfLiving #CostOfThriving #Reagonomics #TrickleDownFallacy
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👉️ #MAGA is the economic perversion of #Reagonomics👈️
(10/10)
...options for homebuyers.”
“What’s not clear, however, is why the government should require U.S. consumers and homebuilders to bear the burden of supporting U.S. growers who can’t compete,” they wrote."
-> Maybe #Trump cannot be sure of a favorable #SCOTUS verdict on #Tariffs, as he only appointed some of the judges, but #TheHeritageFoundates has decades of influence peddling and meddling in its affairs on their side...
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👉️ #MAGA is the economic perversion of #Reagonomics👈️
(9/10)
PS:
😂 #Trump is even losing part of the #HeritageFoundation, the creators of the disastrous #Project2025 on #TradePolicy:
"Even the far-right Heritage Foundation can’t stick by Trump’s side on this. On Heritage’s blog, Anthony B. Kim and Patrick Tyrrell said that Trump’s tariffs were causing “suppressed activity in the U.S. homebuilding industry, fewer construction jobs, and fewer...
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(8/10)
...#RonaldReagan's trade policy with #DonaldTrump's stance on #Tariffs:
"I love tariffs. Most beautiful word, but I'm not allowed to say that anymore. Tariff is my favourite word. I love the word tariff. We're becoming rich as hell..."
speaking at the Marine Corps Base in #Quantico.
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Source:https://www.reaganlibrary.gov/archives/speech/radio-address-nation-free-and-fair-trade-4
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(7/n)
...and higher #TradeBarriers, and less and less competition. 👈 So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying.
👉 Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.👈 ..."
Contrast...
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(6/n)
...competing and stop making the innovative management and technological changes they need to succeed in world markets.👈
And then, while all this is going on, something even worse occurs. 👉 High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more #tariffs,
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(5/n)
...``Let's impose tariffs on foreign imports,'' it looks like they're doing the patriotic thing by protecting #American products and jobs. 👉 And sometimes for a short while it works -- but only for a short time👈 .
What eventually occurs is: First, homegrown industries start relying on government protection in the form of high tariffs. 👉 They stop...
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(4/n)
...Here is his #Reagan's sound rationale for his #FreeTradePolicy:
" today many #economic analysts and #historians argue that high #tariff legislation passed back in that period called the #SmootHawleyTariff greatly deepened the [Great] depression and prevented economic recovery.
You see, at first, when someone says,...
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(3/n)
...millions are tied to imports👈 .
Well, I've never forgotten those jobs. And on trade issues, by and large, we've done well. 👉 In certain select cases👈 , like the Japanese semiconductors, we've taken steps to stop unfair practices against American products, but we've still maintained 👉 our basic, long-term commitment to free trade and economic growth."👈 ..
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(2/n)
...👉 those in this [1987] #Congress, just as there were back in the thirties, who want to go for the quick political advantage, who will risk #America's prosperity for the sake of a short-term appeal to some special interest group, who forget that more than 5 million #American jobs are directly tied to the foreign export business and additional...
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(1/n)
https://www.reaganlibrary.gov/archives/speech/radio-address-nation-free-and-fair-trade-4
#RonaldReagan, at least trade-policy wise, had a sound understanding of economics:
"The memory of all this occurring back in the thirties 👉 made me determined when I came to Washington to spare the American people the protectionist legislation that destroys prosperity.👈 Now, it hasn't always been easy. There are...
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#Wirtschaftsnobelpreis|träger #JamesBuchanan:https://mastodon.social/@HistoPol/112598555451884508
Die damals gesähten Samen gingen auf in #Reagonomics
(https://mastodon.social/@HistoPol/109730219700294592) und kulminierten schließlich in #CitizensUnitedVsFEC, den #Trump-Präsidentschaften, sowie der jahrzehntelang geplanten Übernahme des Obersten Gerichtshofs der #USA. Damals wurde die finale(?) Verwandlung des #AmericanExperiments in eine #Plutokratie (du klassifizierst das anders) zementiert (b. a. w.):https://mastodon.social/@HistoPol/110856116616631495
Also,
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That might be said about many countries.
In these #US, however, it is not an epidemic, but a grand plan:
👉The #DumbingOfAmerica: The #StultificationOfThePeople👈, part of #Reagonomics:
@HistoPol 🔗 https://mastodon.social/users/HistoPol/statuses/114826006212505439
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#USpol #SudentLoans #Reagonomics
👉It is highly important to see the restart of the student-loan repayments move in a historical-political context.👈
It has been a central #Reagonomics policy (see linked central thread.)
It is the counterpart of "keep them barefoot and in the kitchen" for #Academics.
👉The #DumbingOfAmerica: The #StultificationOfThePeople👈
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#Economics
#Neoliberalism
#JamesBuchanan(1/n)
You are quite right in your assesment, Mina, though you focus on the 1 of 3 #neoliberal
strands that is the pillar of #Reagonomics and #Trumpism, #Buchanan's #VirginiaSchool:"...unlike even the most property-friendly founders #AlexanderHamilton and #JamesMadison, 👉#Buchanan wanted a private governing elite of corporate power that was wholly released from public accountability.👈" 1)
@number6
@fosstodon.org -
👉The #DumbingOfAmerica: The #StultificationOfThePeople👈 1)
(1/2)
After #Reagan successfully started with the dismantling of higher education for the not-well-to-do as part of #Reagonomics 2), the extremist part of #Republicans called #AmericaFirst in the 1930's and 40's, and now #MAGA are now going a step further by axing primary/2ndary ed., and the #Alignment (#Gleichschaltung) 3) of the #Education system through #MAGA-controlled state bodies.
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Good article from The Walrus. I am a subscriber and if you can they could use donations subscribers etc.
https://thewalrus.ca/how-the-1980s-engineered-the-collapse-of-the-working-class/
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REMINDER: Trickle down economics was never designed to be anything but a scam #cdnpoli #reagonomics #trickledown #rightwingpolitics #economics https://www.thespec.com/opinion/contributors/do-you-feel-any-richer-today-trickle-down-policies-of-the-1980s-are-nonsense/article_3da72c64-86a6-5a13-b296-2305826e184c.html
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@GottaLaff @theintercept @ThomHartmann
#USpol #FreeSpeech #Republicanism #Reagonomics #MAGA
(2/2)
...inflicted on this country for the past 43 years:"
https://mastodon.social/@HistoPol/112875414830140318.
For those asking how long this #Republican strategy that led up to #Reaganomics and the #MAGA movement had been going on, I would like to point out this important thread:
https://mastodon.social/@HistoPol/112598555451884508
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#UShistory #USpol #Reagonomics
You are right, Vee, #Reagan did pull out most of the stops and changed the US political system for decades, until this very day:
https://mastodon.social/@HistoPol/109730219700294592
@otownKim @randahl -
Surprise, surprise..._
> 50 years of tax cuts for the rich failed to trickle down, economics study says
https://www.cbsnews.com/news/tax-cuts-rich-50-years-no-trickle-down/
#Reagonomics #GQP #taxes #taxation #economics #TrickleDown #truth
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(3/3)
...and lastly, regarding #Reagonomics and what I mentioned in my "in a nutshell", here is my thread on #Reagonomics and higher #education:
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You bring up an interesting point. I have been discussing this issue for about a year now, first on the DeadBirdSite, then here.
In a nutshell: #AmericaFirst never was punished nor disbanded. They lost in the polls. People forgot. In 1971, Big Busines joined the bandwaggon with their strategy paper. #Reagonomics carried out the strategy agains the "left", i.e. students that increasingly voted Dem.
Around the turn of the century (I used to know all the details, but all lost.. -
You don't know my piece on #Reagonomics 1) , but absolutely!
And I believed this until recently. Then I got into a discussion with some who really did studies in that field. And we found out it goes way further back. 1930s/1940s. 2)
I am not sure if the convo is still available, if so I'll post it.1)
https://mastodon.social/@HistoPol/109730219700294592 -
absolutely.
https://mastodon.social/@QasimRashid/110905789158988626
High time to unravel #Reagonomics and the assault on the American Dream through less and less access to college education.