Politics

Out of context: Reply #28938

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  • zaq3

    I’m a Depression historian. The GOP tax bill is straight out of 1929.
    https://www.washingtonpost.com/n…

    That was more than three decades before the collapse of the economy in 1929. The crash followed a decade of Republican control of the federal government during which trickle-down policies, including massive tax cuts for the rich, produced the greatest concentration of income in the accounts of the richest 0.01 percent at any time between World War I and 2007 (when trickle-down economics, tax cuts for the hyper-rich, and deregulation again resulted in another economic collapse).

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    • What could go wrong? Hopefully folk don't go all Hollis Brown again.PhanLo
    • #MAGAutopian
    • The right-wing hoard cash for the rich, then left-wing 'try' and re-distribute it back. Up and down for decades. Boom bust. Although I think the cycle is brokenmonoboy
    • The neo-lib economy died in 2008. They've been feeding the zombie trillions to stop a total collapse. That total collapse, must be well on the way now.monoboy
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