A Rising Tide…

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Jay reminds us of an important point: The great achievement of the Reagan economy wasn’t that the rich got a lot richer (though they did, and good for them!) but that the poor got a lot richer, too. As Treasury figures from the era document, the vast majority (nearly 85 percent) of those who were poor in 1979 (meaning they resided in the lowest income quintile) were in a higher quintile by 1988; even more impressive, two-thirds of them had moved up two quintiles or more. And most impressive of all: Of the people who were in the lowest income quintile in 1979, more had moved to the top quintile by 1988 than remained in the bottom quintile. Which is to say, if you were on the bottom in 1981, you were statistically more likely to be on the top by 1988 than to remain at the bottom.

There is more and it acts as a good reminder of why we on the right continue to fight for our vision of America.

Read it all.

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