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The Coronavirus shows it. People want bigger and expensive government.
2020?
It died long before 2020. Maybe HW was Reagomics-lite but W was not by any means. That nail was hammered in long before Trump was elected. Ship done sailed. At this point if you want a limited federal government then you vote Democrat but honestly it's sailing away as well. You have Trump ballooning government even more than W did on one side and the progressive Democrats taking over the Democratic party on the other side.
Are you suggestion it trickles up? Or, is the movement of cash just totally random w/o ay prevailing flows?
I think it's well demonstrated that it trickles up. It's why you have the disparity of income you do. It's been a pretty good run for the top 40% over the last 50 years, a good run for the top 20%, and a very good one for the top .1%. I'm more a go with the flow type of person than one who tries to make the river go the other direction. It's a lot easier to just put yourself in the top 40% and see some benefit from the prevailing economic tide than it is to try and make the tide go the other direction.
If all these business hero job creators are so damn smart, why do they need bailing out after just a month of stay at home.
If one can't make it a year without significant income, they don't need to start a business. The failure rate is huge.
You obviously know very little about business, economics and finance. Maybe take some courses, read, study, run some case studies, do some analysis and then we can talk.
Strangely, Reaganism was also something of a personality cult, which is why it just isn't remembered as it really played out. The ideology and the reality didn't match. The rhetoric and the actions didn't always meet.
Reagan told people what they wanted to hear, people liked to hear him speak and welcomed his message, then he went off and betrayed them.
The spirit of Reagan was invoked many times over the following decades by Republicans, especially during the conventions. Is that what we will see now with the co-called 'Republican' party of the future? People still invoking Reagan for the next few decades? The simple fact was Reagan himself would have been considered a RINO if he suddenly showed up 20 years later, the party continued to evolve.
It keeps evolving, strangely and as if devoid of principles.
Anyone remember the Citygroup memo sent out to their wealthy clients that someone got a hold of from 2005?
It basically spelled it out that the current plans in place are to make the global rich even richer by exploiting resources and cheap labor, and to suppress wages wherever possible.
The forecasts predicted no stop in this unless people started fight back, which they have been since 2005 when this was put out.
Our overall conclusion is that a backlash against plutonomy is probable at some point. However, that point is not now. So long as economies continue to grow, and enough of the electorates feel that they are benefiting and getting rich in absolute terms, even if they are less well off in relative terms, there is little threat to Plutonomy in the U.S., UK, etc.
With the middle class dying and stagnant wages, the wealthy are supplying the rope that will hang them.
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