Alan Duval, MBPsS

Oct 23, 2020

1 min read

Um, no. It's the Republicans that reduce taxes on the wealthy thereby forcing the less wealthy to pick up the slack.

The GOP constantly look back to the 50s as the height of American power, with a Republican president for most of the time (Eisenhower), yet the top tax rate was in the 90s for the whole time. For some reason they don't tends to mention that last bit.

By comparison, when Reagan unleashed his economic "miracle" in the 80s, it was not his tax cuts that did it. If you look at the policies that Reagan enacted, you'll find that it was three tax rises that he enacted after the tax cuts that repaired and then super-charged the economy.

Psychology graduate with interests in values and morality, cognition and executive function, and High Functioning Depression. Kiwi living in London, UK.

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