Reaganomics was "Trickle Down" economics, Reagan lowered the taxes for the people at the top, so they could make more money, and in turn they could afford to pay their employees more money.
And for instance, Roy Rogers paid 90% in taxes after the first set amount, and Reagan lowered that amount so that Roy did not have to pay such high taxes. Sadly, the Rogers family ended up poor like Tori Spelling after Roy died. Roy Rogers' Grandchildren were poor and on Welfare. It would have been great if Roy could have at least passed down a few Roy Rogers Restaurants to his family, so they could have had money coming in from the work that Roy did all of his life. Roy worked hard.
It is sad to watch the great American families fall into poverty after the main breadwinners die.
The guy who wrote the movie "Amistad" used the money that he earned to buy 5 McDonald's restaurants in South Africa and he hired his family members to work at his restaurants, so they will always have an income and jobs. He was smart.
Dave Mustaine is investing in vineyards and a winery to pass down to his family after he dies, that is wise.
And I support low taxes, with good strong Labor Unions and Labor Laws, and good treatment and good money for workers, I support low taxes and lots of money for the bosses and I support Labor Unions and good pay for the workers. We need Unions to make sure the workers are paid fair.
Anyhow, it is sad when families spend hundreds of years working here in America just to end up homeless and poor, each generation is supposed to live better than the previous generation, and it is sad that all of the rich families are falling into poverty here in the USA.
And if I moved to Italy right now, I would be just as poor as if my family never came to America at all. We might as well have stayed in Europe. Although, I guess my family came to America at the time of the French Revolution in order to save their heads from the guillotine, so America was a blessing for the French at that time.
I support the American Dream, and I support the California Dream, and I support letting the workers earn good money, and I support letting business leaders get rich, and I want for their families to stay rich. I want for the great families to send their children to the best schools, and I want for the rich families to stay rich.
Tori Spelling should not be homeless. And I hope that the good people of Hollywood step up to help to save Tori Spelling.
Our families should not work for hundreds of years just to be homeless here. Something is wrong. We need for Americans to be able to acquire and retain wealth, and once a family is rich then they need to be able to stay rich, and their Grandchildren need to benefit from their wealth.
Salute,
Tony V.