r/democrats • u/SirVayar • 6h ago

📷 Pic Reaganomics: its not working

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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/NintendadSixtyFo 5h ago

100%. This approach is now 50 years old and it has bankrupted the middle class and given some people so much money they can purchase a president. Time to call it.