With the Rising Number of Billionaires, America Began its Demise
Op-ed by TheWiseOldFart “Profit Before People.” These three words became the American motto in 1981. Ronald Reagan was the first fake Republican president. His fiscal policy, “trickle-down economics,” was a gift to our nation’s wealthiest citizens. His lie was a promise that if America’s largest corporations were more profitable, they would reinvest in our country’s future, and provide “good-paying jobs” for every man and woman in America. What really happened is common knowledge. America’s billionaires used the money they received from huge tax breaks and purchased another mansion in a foreign nation, more outrageously expensive cars, or additional cases of their favorite French wine. Some simply added funds to their offshore bank accounts. Reagan’s three Republican successors used the same failed fiscal policy. WHERE IS AMERICA TODAY? America’s economic system of “capitalism” was unfair to the working class for generations. Today, capitalism has been replaced by a plutocracy/oligarch...