The Trickle-Down Effect.

Ronald Reagan and Margaret Thatcher introduced Neo-Liberal Economics which cut big government and deregulated matkets.

They cut taxes for the rich and opposed unionism.

This put all the wealth and power in the hands of the rich corporate plutocrats.

To offset this Reagan claimed that there would be a "trickle-down effect" which would increase wealth for everyone.

But this never happened.

What happened was that the wealthy employers created an underclass of workers who had little money and no power.

They exploited everyone and kept the massive wealth that resulted for themselves.

So that now we have a workforce who are effectively wage-slaves to the corporations.

And the cost of living has skyrocketed.

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