Income in the US during the mid-1970s was as equally distributed as at any time in history. But between 1981 and 1986, the top tax rate was cut from 70% to 28%, while taxes on the bottom 4/5 of earners rose, and economic inequality began to rise.
It might be time to rethink the whole "trickle down" thing. Our economic system hasn't had any sort of reboot since Reagan, only mindless Wall Street bailouts that didn't solve any of the core problems. And it looks like there's another disaster coming.
@esaeger We've known trickle down doesn't work for decades but seem to be unable to change it. One reason is that those in power keeping making the poor believe they will get even less if things change.
@TheresaVermont - And the middle class will become poorer, yes.