How the GOP Became the Party of the Rich

An incisive new article by Tim Dickinson of Rolling Stone looks back to the ’80s, and describes how Republican Party came to abandon fiscal responsibility in favor of endless tax subsidies for the rich:

The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation’s balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich. “We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share,” he thunders to a crowd in Georgia. Such tax loopholes, he adds, “sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary — and that’s crazy.”

Preacherlike, the president draws the crowd into a call-and-response. “Do you think the millionaire ought to pay more in taxes than the bus driver,” he demands, “or less?”

The crowd, sounding every bit like the protesters from Occupy Wall Street, roars back: “MORE!”

The year was 1985. The president was Ronald Wilson Reagan …

[Full Article at Rolling Stone]

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  • Lyn_upthegrove

    Ronald Reagan invented “trickle down” that turned unto tidal wave UP and that’s how the top 1% now have more wealth than the rest of America put together..

  • Lyn_upthegrove

    Ronald Reagan invented “trickle down” that turned unto tidal wave UP and that’s how the top 1% now have more wealth than the rest of America put together..

  • SuperSerial

    Surprising speaker there you all thought it was going to be Barack Obama right?  My only question would be what the hell happened to this line of thinking because 20 years later we still have the same loopholes and nothing was ever done about it….

    • http://pulse.yahoo.com/_7ISVOHM4XD6RDBX3PDPS3VX66U RayB

      This is exactly why, back then, Ron Paul (whom was one of the only 4 that backed up Reagan for President) left the Republicans and Reagan, for the Libertarians. Reagan did not uphold his promises of fiscal conservatism. 

      • CK

        Really? Why is Ron Paul back in the GOP now that it’s a million times more corporate than they ever were under Reagan?

        • Mysophobe

          Because both Ron Paul and the GOP believe that corporate influence in Washington is a good thing and business regulations and social safety nets are destroying our economy. Shrink the federal government to bathtub size and let multinational corporations fill the power vacuum, that’s the ticket. The ensuing freedom and liberty for all will last for generations. We’ll be so free and prosperous our heads will explode. The truth is Reagan was to the left of every president since him on most issues. They’d be calling him a socialistmarxistcommunist if he was around today. Much like with Jesus, they idolize him while ignoring what he stood for and even doing the exact opposite.

          • lifobryan

            A Jesus idea that a Republican WILL NOT take literally: “Sell all you have, give the money to the poor, and follow me.”
            A Jesus idea that a Republican WILL take literally: Feeding 5000 people with five loaves & two fish, because somehow miraculously, it will work.

          • Mysophobe

            Why did all those people show up to the party without their own bread and fish? Lazy freeloaders, get a job. The Big Jesus nanny state will destroy us all!

          • lifobryan

            “Big Jesus Nanny State” would be a good name for a band.

          • http://pulse.yahoo.com/_7ISVOHM4XD6RDBX3PDPS3VX66U RayB

            Instead of putting Ron Paul in the same boat as those crony capitalists, take the time to research his position (which he has been maintaining for the past 30 years) and then when you are old enough to vote, we will listen to your.

          • Redacted

            When you’re old enough to realize how much of a fool Ron Paul is making of you and the other 5 people who support him, come back and maybe we’ll listen.

          • Mysophobe

            Rather than being a condescending prick, why don’t you try to refute what I said about Paul. He’s the ultimate crony capitalist, that’s a fact. He’d give it all away to private corporations if he could, and I mean EVERYTHING. Randian Libertarianism is a fine thought experiment, but in the end it’s just a utopian fairy tale that has no place in the real, imperfect world. You’ll learn that someday when you’re old enough to properly research candidates and think for yourself, instead of getting duped by a wolf in sheep’s clothing like Ron Paul.

  • Anonymous

    Surprising speaker there you all thought it was going to be Barack Obama right?  My only question would be what the hell happened to this line of thinking because 20 years later we still have the same loopholes and nothing was ever done about it….

  • Anonymous

    Surprising speaker there you all thought it was going to be Barack Obama right?  My only question would be what the hell happened to this line of thinking because 20 years later we still have the same loopholes and nothing was ever done about it….

  • Anonymous

    Surprising speaker there you all thought it was going to be Barack Obama right?  My only question would be what the hell happened to this line of thinking because 20 years later we still have the same loopholes and nothing was ever done about it….

  • Anonymous

    Surprising speaker there you all thought it was going to be Barack Obama right?  My only question would be what the hell happened to this line of thinking because 20 years later we still have the same loopholes and nothing was ever done about it….

  • Anonymous

    Surprising speaker there you all thought it was going to be Barack Obama right?  My only question would be what the hell happened to this line of thinking because 20 years later we still have the same loopholes and nothing was ever done about it….

  • http://pulse.yahoo.com/_7ISVOHM4XD6RDBX3PDPS3VX66U RayB

    This is exactly why, back then, Ron Paul (whom was one of the only 4 that backed up Reagan for President) left the Republicans and Reagan, for the Libertarians. Reagan did not uphold his promises of fiscal conservatism. 

  • http://pulse.yahoo.com/_7ISVOHM4XD6RDBX3PDPS3VX66U RayB

    This is exactly why, back then, Ron Paul (whom was one of the only 4 that backed up Reagan for President) left the Republicans and Reagan, for the Libertarians. Reagan did not uphold his promises of fiscal conservatism. 

  • lifobryan

    There is a reason it’s called “trickle down” economics. Such things usually trickle into urinals or down one’s leg, so I suppose it’s an honest (albeit icky) label. However, I’m kinda sick of being trickled on by the super wealthy.
    I propose we rename it “Dumping the Chamber Pot Onto Our Heads” economics. At least then it would be fun to retort “it’s not boats that are floating in your rising tides, Republicans ….”

  • Lifobryan

    There is a reason it’s called “trickle down” economics. Such things usually trickle into urinals or down one’s leg, so I suppose it’s an honest (albeit icky) label. However, I’m kinda sick of being trickled on by the super wealthy.
    I propose we rename it “Dumping the Chamber Pot Onto Our Heads” economics. At least then it would be fun to retort “it’s not boats that are floating in your rising tides, Republicans ….”

  • CK

    Really? Why is Ron Paul back in the GOP now that it’s a million times more corporate than they ever were under Reagan?

  • Mysophobe

    Because both Ron Paul and the GOP believe that corporate influence in Washington is a good thing and business regulations and social safety nets are destroying our economy. Shrink the federal government to bathtub size and let multinational corporations fill the power vacuum, that’s the ticket. The ensuing freedom and liberty for all will last for generations. We’ll be so free and prosperous our heads will explode. The truth is Reagan was to the left of every president since him on most issues. They’d be calling him a socialistmarxistcommunist if he was around today. Much like with Jesus, they idolize him while ignoring what he stood for and even doing the exact opposite.

  • Lifobryan

    A Jesus idea that a Republican WILL NOT take literally: “Sell all you have, give the money to the poor, and follow me.”
    A Jesus idea that a Republican WILL take literally: Feeding 5000 people with five loaves & two fish, because somehow miraculously, it will work.

  • http://pulse.yahoo.com/_7ISVOHM4XD6RDBX3PDPS3VX66U RayB

    Instead of putting Ron Paul in the same boat as those crony capitalists, take the time to research his position (which he has been maintaining for the past 30 years) and then when you are old enough to vote, we will listen to your.

  • Redacted

    Noose/Pitchfork 2012

    • Ronniedobbs

      If that was a bumpersticker, I would gladly pay  a few bucks….

  • Anonymous

    When you’re old enough to realize how much of a fool Ron Paul is making of you and the other 5 people who support him, come back and maybe we’ll listen.

  • Anonymous

    Noose/Pitchfork 2012

  • Mysophobe

    Rather than being a condescending prick, why don’t you try to refute what I said about Paul. He’s the ultimate crony capitalist, that’s a fact. He’d give it all away to private corporations if he could, and I mean EVERYTHING. Randian Libertarianism is a fine thought experiment, but in the end it’s just a utopian fairy tale that has no place in the real, imperfect world. You’ll learn that someday when you’re old enough to properly research candidates and think for yourself, instead of getting duped by a wolf in sheep’s clothing like Ron Paul.

  • Mysophobe

    Why did all those people show up to the party without their own bread and fish? Lazy freeloaders, get a job. The Big Jesus nanny state will destroy us all!

  • Ronniedobbs

    If that was a bumpersticker, I would gladly pay  a few bucks….

  • Ronniedobbs

    If that was a bumpersticker, I would gladly pay  a few bucks….

  • Lifobryan

    “Big Jesus Nanny State” would be a good name for a band.

  • Lifobryan

    “Big Jesus Nanny State” would be a good name for a band.

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