Accoding@Sam #67

The Eighties decade was a transformative decade for the United States, but in 1980 when the decade started all of the problems the nation faced at the close of the Seventies were still pervasive. These were the problems the Reagan administration sought to overcome when they came to power in 1981. Domestically, most of those problems were economic issues, and Reagan was bringing a bold and aggressive plan to deal with it. His plan was to lower the marginal tax rates, deregulation, and to decrease government spending, excluding the military which would see a massive increase in spending under Reagan. This created an explosion of new wealth for investors and top earners, but it did little to stimulate upward mobility for Americans at the bottom of the socioeconomic scale. This economic philosophy was often referred to as Trickle-down economics, but in hindsight many question if the policy actually did more to increase wealth inequality and poverty in the United States. Looking back now, what were the longterm effects of Reaganomics, and how did it set the nation on a new course in our values? Join the conversation and get answers to these questions and more on According2Sam episode #67.