Do We Need Billionaires?
This article explores the economic theory of Reaganomics and the massive wealth gap between millionaires and billionaires. It uses various analogies to illustrate the sheer scale of a billion dollars compared to a million.
Why it matters
The concentration of wealth and the validity of trickle-down economic theories remain central topics in modern political and social discourse.
A significant portion of the population in the USA still thinks of Reaganomics as certified fact rather than a largely discredited theory. By this mindset the engine of our economy requires people to strive for a ton of money. A rising tide lifts all boats and all that.
The framing of Reaganomics as a 'largely discredited theory' reflects a progressive economic viewpoint.
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