yourreddancer: This chart plots the basic modern economic history that all Americans should know: un
yourreddancer: This chart plots the basic modern economic history that all Americans should know: under Truman, Eisenhower, Kennedy, Johnson, Nixon and Carter, America had a healthy, prosperous middle class. But with the election of Ronald Reagan, things went very dramatically off the rails. The middle class plateaued and fell, and while new wealth was created, it was captured entirely by a tiny super wealthy elite, rather than being shared across the board as it was previously. -- source link