Did you know our Fed poverty line is based on 1955 spending, & the way we calculate it hasn’t changed since 1964? It assumes 1 earner & a mother home full-time. It doesn’t include cost of childcare, geographic cost of living, or healthcare. Some predict it should be *$38k/yr.*https://twitter.com/nytimes/status/1176798553957707778 …
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America has been getting worse since Reagan's voodoo economics were implemented. He started us on the path towards massive income inequality. Now 40% of the country can't afford a $400 emergency.
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That’s their fault. Better choices. Sometimes you don’t get the new iPhone.
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Is that why the economy has stagnated for most Americans since Reagan?
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missing a whole bunch of context here like WILDLY different tax levels under kennedy and reagan as well as safety net measures that were dropped during reagan’s administration. you point to two presidents popular with completely different demographics for different reasons
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goes to show yall really don’t care about us economic history until you need an idealized image of a popular us president to present as an example of why “the free market” “”works””.
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And we’re still paying people like Reagan is president, but things like food, medicine, and housing cost several times as much. All those technical advances have just put more of the profits into the pockets of the rich.
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Jonathan, the US was in horrible shape due to the Reagan years. Sky high interest rates for housing, groceries went up weekly, SS began getting taxed. You are so very wrong, I lived it.
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Het laden lijkt wat langer te duren.
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