As stated previously, Baby Boomers in charge of the country in the eighties cut taxes for the rich. The reasoning behind this decision was founded on the idea of trickle-down economics. The idea is that if you cut taxes on companies and the rich, they’ll use that extra money to invest in small businesses and it will help the economy grow.

Ways Baby trivia: Creating Trickle-Down Economics
Ways Baby trivia: Creating Trickle-Down Economics

Instead, it has allowed Boomers that are rich or in control of corporations to keep all of their money and buy out smaller companies for themselves.

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