Though everyone got them, the wealthiest got the biggest breaks

Overall though, everyone’s lives did improve and incomes went up

So, essentially, trickle down then

In a way

No

Here’s the difference

Trickle down refers to mainly breaks for the wealthiest, assuming that they’ll invest that money in business, and it goes down to workers wages rising eventually

Supply side is tax cuts for everyone at the same percentage

Or even flat tax

I see

Both in practice had the wealthiest taxed at the highest percentage though

What do you mean

You said tax breaks for the wealthy in trickle down

I did

Percentage wise

But in both cases, the wealthiest do have the highest taxes to pay in percentages

Supply side for example is a 5% break for all income groups

Percentage wise they get away with a pathetic tiny capital gains tax though

Trickle down is like a 7% break for the wealthiest, 3% break for lower income earners to achieve equilibrium

One issue about Reagan though was the deficit went way up

Yeah i mean it was bound to happen

Including debt

No it wasn’t really

Throufh all that deregulation and tax reductions

It’s possible to do tax cuts and reduce deficits at once

Yeah but still unlikely

The debt went up when he raised millitary spending for the arms race

Against the soviets

I see

He was a big millitary spender

Where did you get that statistic

Fact

From where though

Washington post

These are real recorded numbers

Anywhere will say the same

I see

Steve bank here

The government keeps track of spending