War, corona, inflation: inequality grows with every crisis. But Christian Lindner and the FDP still believe in tax cuts. A rant about a religion from the business schools of elite American universities.
It started exactly 40 years, 9 months and 27 days ago. A former actor sat outside his ranch in the Santa Monica Mountains in jeans and cowboy boots, petted the dog and signed a document that would change the world. Ronald Reagan had invited the world’s media to be there as he made history.
The “Economic Recovery Tax Act” of 1981 was what we would now call a turning point: taxes for the wealthy and for companies were massively reduced, first in the USA and Great Britain, and finally throughout the world.
Source: Stern
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