The Scourge of Trickle-Down Economics

Forty years after Reagan and the advent of “trickle-down” economics, it’s widely recognized that the theory was an abject failure.

Of course, it didn’t fail the rich, whose already-huge piece of the pie has ballooned since 1980, an outcome that was probably well understood at the time: give us 40 years to pillage the nation, loot the Treasury, and dismantle the federal government; we’ll re-evaluate this later.

But importantly, trickle-down economics failed the country, whose working class suffered wage stagnation and a failing public school system, resulting in the election of a criminal conman in 2016, and set the nation back decades.

Can this be turned around?  Historians aren’t bullish; they say that imbalances like this are very hard to rectify.  Once the body politic loses power, it’s tough to get it back. We’ll see.