Friday, January 20, 2012

Reagan Hate

These modern day examples of Reagan hate are both referring to the "Trickle Down Theory" which was supposed to occur as a result of Reagan's economic policies. The idea that the entire economy will be improved by providing tax breaks to the wealthy.

Wealthy: Less Tax --> Invest More --> Lower Priced Goods --> More Jobs For Lower Classes

However these images are saying that this idea was a lie that was fed to the lower classes in order to keep the wealthy, wealthy. (Another image was found of Ronald Reagan, with "I'm in the 1%" written above him.)

One of the reasons that these images have come about now is because of the rich getting richer in America. John Boehner is used in the second image because of his somewhat controversial policy ideas.
  • "He has advocated for an across-the-board spending freeze, including entitlement programs. Boehner favors making changes in Social Security, such as by raising the retirement age to 70 for people who have at least 20 years until retirement, as well as tying cost-of-living increases to the consumer price index rather than wage inflation, and limiting payments to those who need them"

  • "The top 1% of income earners actually pay a smaller percentage of their incomes to taxes than the 9% just below them."

  • "Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America."


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