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The working blue collars lost the most - the lower taxes on the rich did help raise everyone's money but when globalization happened the rich no longer had to invest their money at home. The factory jobs that would have opened from "supply side aka trickle down economics" did not happen in the USA but happened in Mexico and China, etc.
So when Republicans defend trickle down - they do so at the same time they defend free trade globalization and are too blind to realize that this no longer applies to American workers of a certain economic class.
“The working blue collars lost the most - the lower taxes on the rich did help raise everyone’s money”
Lower taxes on the “rich” does not raise taxes on the poor automatically. Tax rates must be changed for that to happen.
Reagans 1981 Economic Recovery Tax Act was an across-the-board 25 percent reduction in tax rates. He reduced the number of tax brackets to two; 15 percent for the middle class and 28 percent for the wealthy.
I hardly call that raising taxes on the middle class.