Title: Made sense of the confusing business of "Reganomics"
Product review: I recall, when Regan's "simplified" 3-tier federal income tax code took effect, conducting a simple experiment: I calculated the tax on several incomes, from poverty level to over $200000, both before and after the change. Although the gross tax dropped, the percentage paid by the lower incomes increased, while the upper decreased. This, I remember thinking, does not look good.Barlet and Steele's book gave substance to my suspicion, and helped to form my current understanding of US government, which is, I believe, increasingly under the sway of a wealthy elite.Particularly interesting were the parallel the book drew between the early '1920s and the '80s.While the book does well in illuminating the problems faced by our republic, it does less well in suggesting a cure, though, in its defense, this is a less easy task.I recommend this book to every serious, thinking person I meet.
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