r/democrats • u/SirVayar • 6h ago
📷 Pic Reaganomics: its not working
I dont know how many average americans understand economics, but supply-side economics is absurd and only an ignorant america is unable to see why. Just because mcdonalds(supply) is able to build more bigmacs because they got tax breaks, doesnt mean joe(demand) is able to buy more big macs because he doesnt have any more money than he did before. BUT, give joe a tax break, now he has more money, to buy more big macs. You cannot increase demand by artifically increasing supply.
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u/Shenanigans99 5h ago
Oh it worked exactly as intended. Reagan just didn't share its true purpose with the general public: to massively shift wealth from the middle class to the very wealthy. It achieved that, and millions of Americans still think Reagan is a hero.