Ronald Reagan and the toxic concept of "Trickle Down".
Trickle down is a dumb leftist Democratic meme used to dupe gullible low IQ and uneducated dotards into believing that Government should be in the redistribution business. Nothing could be dumber.
If you look at a graph of middle class share of the wealth of America's output you see it tracks pretty well up to about 1981 at which point it stagnates. It has stagnated while the wealthy have gotten more and more and more.
The source of that brainless lie filled graph is the author of the stupid article, Reich. Nothing is dumber than
Yup, it's the rich getting richer. If the middle class is vanishing, Einstein, and money isn't disappearing, then where is it going?
To have this brainless view, one must believe that the economy is a zero-sum game, and that therefore, if one has more, someone else must have less. This is a dumb lie promoted by BIG Government liars who gaslight the uneducated and willfully stupid.
When Bill Gates created Microsoft, he became incredibly wealthy as a result. He also created a lot of millionaires, helped small businesses become much more productive and even gave a lot of his wealth away. That is a good thing.
Name one country that become wealthy and prosperous through redistribution and high taxes. You cannot. It doesn't exist.
This graph is a dumb lie and only goes to 2005. Why do you think that is? Secondly, it actually shows constant wage growth. The top 1% will grow faster but it does not mean that the lower tiers get less. That's a brainless lie.
Here's a better more honest graph:
